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Mr. Johnson has just given the insurance company$20,000. In return thecompany has promised to give him $1,800 for 20 year each year.At what rate of
Mr. Johnson has just given the insurance company $20,000. In return the company has promised to give him $1,800 for 20 year each year. At what rate of return the company must invest the amount so as to attain the desired return.
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