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Homework: 6-1 MyFinanceLab Assignment Score: 0 of 4 pts 4 7 of 12 (5 complete) P6-16 (similar to) Save HW Score: 32%, 16 of
Homework: 6-1 MyFinanceLab Assignment Score: 0 of 4 pts 4 7 of 12 (5 complete) P6-16 (similar to) Save HW Score: 32%, 16 of 50 pl Question Help w (Annuity interest rate) 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 $12,456 59 that will pay them $2,500 per year for 10 years. They don't have the slightest idea what relum they would be making on their investment of $12.456.59. What rate of retum would they be eaming? The annual rate of return your folks would be earning on their investment is % (Round to two decimal places) Ender your answer in the answer box and then click Check Answer All parts showing Type here to search " 90 9D Car A Chief Arwan JPM ww 15 80 7654 16 95 WO 11015 3P 3 6 47 (2) 5 (12) 1 7 B 9 O Y E S 1 0 e $ 3 4 5 7 2 a P 9 9 9 wwwwww
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