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6 10 Doin Pan Problem 9-34 Yield on investment [LO9-4) C. D. Rom has just given an insurance company $44.500. In return, he will receive

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6 10 Doin Pan Problem 9-34 Yield on investment [LO9-4) C. D. Rom has just given an insurance company $44.500. In return, he will receive an annuity of $6,200 for 20 years. At what rate of return must the insurance company invest this $44,500 in order to make the annual payments? Use Appendix D for an approximate answer, but calculate your final answer using the financial calculator method. (Do not round intermediate calculations. Round your final answer to 2 decimal places) Rate of retur Check my work

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