What rate of return would they be earning

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Question - Annuity interest? rate - 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 $18,940.46 that will pay them $2,000 per year for 20 years. They don't have the slightest idea what return they would be making on their investment of $18,940.46. What rate of return would they be earning?

Reference no: EM132780987

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