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An insurance company has offered you an annuity that would pay you $9,000 per year for 15 years. The up-front investment you would need to
An insurance company has offered you an annuity that would pay you $9,000 per year for 15 years. The up-front investment you would need to make to purchase this annuity is $100,000. What is the annual rate of return you would earn if you purchased this annuity? Spell check
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