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An annuity costs $240,000 today and provides monthly payments of $1,500 for 30 years. The first payment occurs one month from today. What annual rate

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An annuity costs $240,000 today and provides monthly payments of $1,500 for 30 years. The first payment occurs one month from today. What annual rate of return does this annuity offer? 6.39% 21.31% 4.67% .53% 15.98%

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