Annuity interest rate your folks just called and would like, Ask an Expert

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(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 $17,393.71 that will pay them $2000 per year for 20 years. They don't have the slightest idea what return they would be making on their investment of $17,393.71. What rate of return would they be earning?

The annual rate of return your folks would be earning on their investment is______%.

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Financial Management, Finance

Category:- Financial Management
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