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What rate of return would they be? earning

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Question - 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 ?$27,997.98 that will pay them ?$4,000 per year for 20 years. They? don't have the slightest idea what return they would be making on their investment of ?$27,997.98. What rate of return would they be? earning?

Reference no: EM132777991

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