16. You just paid $750,000 for an annuity that will pay you and your heirs $36,000 a year forever. What rate of return are you earning on this policy? A. 4.75 percent B. 5.10 percent C. 5.33 percent D. 4.80 percent E. 4.72 percent 17. You are paying an effective annual rate of 15.33 percent on your credit card. The interest is compounded monthly. What is the annual percentage rate on this account? A. 14.35 percent B. 13.90 percent C. 14.10 percent D. 13.75 percent E. 14.00 percent 18. Your local pawn shop loans money at an annual rate of 23 percent and compounds interest weekly. What is the actual rate being charged on these loans? A. 25.16 percent B. 25.80 percent C. 26.49 percent D. 26.56 percent E. 26.64 percent