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MC algo 5-47 Calculating Annuity Interest Rates Your insurance agent is trying to sell you an annuity that costs $70,000 today. By buying this annuity,
MC algo 5-47 Calculating Annuity Interest Rates Your insurance agent is trying to sell you an annuity that costs $70,000 today. By buying this annuity, your agent promises that you will receive payments of $530 per month for 20 years. What is the rate of return expressed as an APR on this investment? Multiple Choice O 5.58% O 6.51% O 7.65% O 6.70% O 6.18%
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