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your insurance agent is trying to sell you an annuity that costs 75,000 today by buying this annuity your agent promises that you will receive

your insurance agent is trying to sell you an annuity that costs 75,000 today by buying this annuity your agent promises that you will receive payments of 430
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MC algo 5-47 Calculating Annuity Interest Rates Your insurance agent is trying to sell you an annuity that costs $75,000 today. By buying this annuity, your agent promises that you will receive payments of $430 per month for 30 years. What is the rate of return expressed as an APR on this investment? Multiple Choice

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