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Your folks just called and would like some advice. An insurance agent offered then an opportunity to purchase an annuity for $34,405.84 that will pay

Your folks just called and would like some advice. An insurance agent offered then an opportunity to purchase an annuity for $34,405.84 that will pay them $4,000 per year for 20 years. They dont have the slightest idea what return on investment they would be making on their investment of 34,405.84. What rate would they be earning?

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