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7 - You just paid $ 358,000 for an annuity that will pay you and your heirs $ 11,400 a year forever. What rate of
7 - You just paid$358,000 for an annuity that will pay you and your heirs$11,400 a year forever. What rate of return are you earning on this policy?
A) 3.33 percent
B) 3.52 percent
C) 3.18 percent
D) 2.93 percent
E) 3.24 percent
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