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Prudential Financial Inc. is offering a 25 year annuity to the members of the Michigan Police Department. Every officer who buys the annuity today for

Prudential Financial Inc. is offering a 25 year annuity to the members of the Michigan Police Department. Every officer who buys the annuity today for $55,000 will receive monthly payments of $275. Given this information, the APR on the Prudential annuity is

Multiple Choice 3.99% 3.40% 3.49% 3.22% 2.91%

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