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CH9 HW. Saved Check my work Boints 8 Skipped eBook: Hint Problem 9-34 Yield on investment [LO9-4] C. D. Rom has just given an insurance

CH9 HW. Saved Check my work Boints 8 Skipped eBook: Hint Problem 9-34 Yield on investment [LO9-4] C. D. Rom has just given an insurance company $36,500. In return, he will receive an annuity of $4,600 for 20 years. At what rate of return must the insurance company invest this $36,500 in order to make the annual payments? Use Appendix D for an approximate answer, bu calculate your final answer using the financial calculator method. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Rate of return % Print References

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