Livelong Life Insurance Company advertises that $50,000 will purchase a 20-year annuity paying $402.80 at the...
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Livelong Life Insurance Company advertises that $50,000 will purchase a 20-year annuity paying $402.80 at the end of each month. What effective rate of return does the annuity investment earn? O7.50% 7.18% O7.76% 6.15% 6.92% Livelong Life Insurance Company advertises that $50,000 will purchase a 20-year annuity paying $402.80 at the end of each month. What effective rate of return does the annuity investment earn? O7.50% 7.18% O7.76% 6.15% 6.92%
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