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(Annuity Interest rate) Your folks just called and would like some advice from you. An insurance agent just called them and offered them the opportunity

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(Annuity Interest rate) Your folks just called and would like some advice from you. An insurance agent just called them and offered them the opportunity to purchase an annuity for $13,362.08 that will pay them $2.500 per year for 10 years. They don't have the slightest idea what return they would be making on their investment of $13,362.06. What rate of return would they be eaming? The annual rate of return your folks would be earning on their investment is x (Round to two decimal places.) (Annuity Interest rate) Your folks just called and would like some advice from you. An insurance agent just called them and offered them the opportunity to purchase an annuity for $13,362.08 that will pay them $2.500 per year for 10 years. They don't have the slightest idea what return they would be making on their investment of $13,362.06. What rate of return would they be eaming? The annual rate of return your folks would be earning on their investment is x (Round to two decimal places.)

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