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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 $6917.68 that will pay them $1000 per year for 10 years. They don't have the slightest idea what return they would be making on their investment of $6917.68. What rate of return would they be earning?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92381484

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