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Prudential Financial Inc. is offering a 20 year annuity to the members of the Michigan Police Department. Every officer who buys the annuity today for

Prudential Financial Inc. is offering a 20 year annuity to the members of the Michigan Police Department. Every officer who buys the annuity today for $65,000 will receive monthly payments of $525. Given this information, the APR on the Prudential annuity is:

Multiple Choice

  • 8.61%

  • 6.95%

  • 6.28%

  • 7.34%

  • 7.53%

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