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What the annual rate of return your folks would be earning

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Problem 1: 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 ?$35,599.46 that will pay them ?$3,500 per year for 20 years. They? don't have the slightest idea what return they would be making on their investment of ?$35,599.46. What rate of return would they be? earning?

Problem 2: The annual rate of return your folks would be earning on their investment is

Reference no: EM132794144

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