Question
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
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 annuity for $14,212.71
that will pay them $2,500per year for 10years. They don't have the slightest idea what return they would be making on their investment of $14,212.71.
The annual rate of return your folks would be earning on their investment is?
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown, Sanford J. Leeds
11th Edition
1305262999, 1305262997, 035726164X, 978-1305262997
