You just paid $$425,000$ for an insurance annuity that will pay you and your heirs $$15,000$ a year forever. What rate of return are you earning on this

policy?

Multiple Choice

$3\mathrm{.}42\%$

$3\mathrm{.}33\%$

$3\mathrm{.}53\%$

$3\mathrm{.}31\%$

$3\mathrm{.}47\%$