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Homework: 6-1 MyFinanceLab Assignment Save Score: 0 of 4 pts 7 of 12 (0 completa) HW Score: 0%, 0 of 50 pts P6-16 (similar to)
Homework: 6-1 MyFinanceLab Assignment Save Score: 0 of 4 pts 7 of 12 (0 completa) HW Score: 0%, 0 of 50 pts P6-16 (similar to) Question Help (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 annuily for $26.407.45 that will pay them $3,500 per year for 20 years. They don't have the slightest idea what return they would be making on their investment of $26.407.45. What rate of retum would they be earning? The annual rate of return your folks would be eaming on their investment is % Pound to two decimal places.) Enter your answer in the answer box and then click Check Answer All parts showing Clear All
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