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Prudential Financial Inc. is offering a 30 year annuity to the members of the Michigan Police Department. Every officer who buys the annuity today for

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Prudential Financial Inc. is offering a 30 year annuity to the members of the Michigan Police Department. Every officer who buys the annuity today for $60,000 will receive monthly payments of $315. Given this information, the APR on the Prudential annuity is

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