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You just paid $357,000 for an annuity that will pay you and your heirs $11,500 a year forever. What rate of return are you earning

You just paid $357,000 for an annuity that will pay you and your heirs $11,500 a year forever. What rate of return are you earning on this policy?

3.37 percent

3.56 percent

3.22 percent

2.97 percent

3.28 percent

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