chalter 5 question 20

a III Homework: Chapter 5 Homework Question 20, Problem 6-38 (similar to) HW Score: 10 points O Points: 0 of 1 Save (Saring for r in an annuitys 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 $20,052 39 that will pay them $2.500 per year for 20 years, but they don't have the slightest idea what retum they will be making on their investment of $20,052 39. What rate of return will they be earring? The annual rate of return they will be earning is (Round to two decimal places) Clear all Check