What rate of return would they be

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Reference no: EM132068577

Your folks just called and would like some advice from you. An insurance agent just called them and offered them the opportunity to purchase an annuity for ?$34,785.66 that will pay them ?$3,000 per year for 30 years. They? don't have the slightest idea what return they would be making on their investment of ?$34,785.66. What rate of return would they be? earning? Round to two decimal places.

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Reference no: EM132068577

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