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Bob has an opportunity to purchase an annuity that will pay $9,000 per year for 20 years, for $150,000 with the first payment being

Bob has an opportunity to purchase an annuity that will pay $9,000 per year for 20 years, for $150,000 with the first payment being made today. If you purchase it, what rate of return would you earn on this investment? a 21 12 15 71 march

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