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You just paid $480,000 for an annuity that will pay you and your heirs $15,000 a year forevet. What rate of return are you earning

You just paid $480,000 for an annuity that will pay you and your heirs $15,000 a year forevet. What rate of return are you earning on this policy? Multiple Choice 3650% 3100% 2.875 3125x

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