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Suppose you pay $41,625 for an annuity that will pay you $5,000 per year at the end of each of the next 15 years.
Suppose you pay $41,625 for an annuity that will pay you $5,000 per year at the end of each of the next 15 years. What annual rate of return will you earn on this investment? a) 8.46% b) 9.18% c) 12% d) 11% e) 15.18%
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
