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Your insurance agent is trying to sell you an annuity that costs $230000 today By buying this annuity, your agent promises that you will receive payments of $1225 a month for the next 30 years

Your insurance agent is trying to sell you an annuity that costs $230,000 today. By buying this annuity, your agent promises that you will receive payments of $1,225 a month for the next 30 years. What is the rate of return on this investment?

Jun 18 2020 View more View Less

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