The annual rate of return your folks would be earning on their investments is __%?

Bookmarks People Window Help Do k- Patrick Quigley Secure | https://www.mathxl.com/Student/PlayerHomework.aspx?homeworkId=448643341&que.. FINC 300 (01): Fall 2017 Homework: Chapter 6 Homework Save Score: 0 of 2 pts 6 of 10 (4 complete) HW Score: 31.13%, 7.47 Question Help P6-16 (similar to) (Annuity interest rate) Your folks just called and would like some advice from you. An insurance agent just called them and offered them the opportunity to purchase an annuity for $24,405.55 that will pay them $3,000 per year for 25 years. They don't have the slightest idea what return they would be making on their investment of $24,405.55. What rate of return would they be earning? % Round to two decimal The annual rate of return your folks would be earning on their investment is places.) Enter your answer in the answer box and then click Check Answer All parts showing Clear All Check Answer 25