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Your insurance agent is trying to sell an annuity that costs $230,000 today. By buying this annuity, your agent promises that you will recieve payments

Your insurance agent is trying to sell an annuity that costs $230,000 today. By buying this annuity, your agent promises that you will recieve payments of $1,225 a month for the next 30 years. What is the rate of return on this investment?

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