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Problem 9.34 (Algo) Yield on investment [LO9.4] C. D. Rom has just given an insurance company $43,500. In return, he will receive an annulty of

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Problem 9.34 (Algo) Yield on investment [LO9.4] C. D. Rom has just given an insurance company $43,500. In return, he will receive an annulty of $6,000 for 20 years. At what rate of return must the insurance company invest this $43,500 in order to make the annual payments? Use Anpendix D for an approximate answer, but calculate your final answer using the financial calculator method. Note: Do not round intermediate colculotions. Round your finol answer to 2 decimal places

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