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What rate of return would they be earnings

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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 ?$14,680.37 that will pay them ?$2,000 per year for 15 years. They? don't have the slightest idea what return they would be making on their investment of ?$14,680.37. What rate of return would they be earnings?

Reference no: EM132764899

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