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3 1 pts A life insurance company requires $100,000 to provide a guaranteed annuity of $7,500 per year for 20 years, with the first payment

3 1 pts A life insurance company requires $100,000 to provide a guaranteed annuity of $7,500 per year for 20 years, with the first payment in one year. What is the rate of return on this annuity? 4.22% 5.22% O 2.22% O 3.22%

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