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Assume that you own an annuity that will pay you $ 1 5 , 0 0 0 per year for 1 2 years, with the

Assume that you own an annuity that will pay you $15,000 per year for 12 years, with the first payment being made today. You need money today to start a new business, and your uncle offers to give you $142,000 for the annuity. If you sell it to your uncle, what rate of return would your uncle earn on his investment?

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