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Annuity Rate of Return: Sam Major has decided he really needs to start a plan for retirement: - he's 65 years old...! Sam decides to

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Annuity Rate of Return: Sam Major has decided he really needs to start a plan for retirement: - he's 65 years old...! Sam decides to invest $250,000 into an annuity that will pay him $25,000 for the next 15 years. What rate of return is Sam getting on his annuity? 5.56% 601% 5.20% 4.80%

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