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Your insurance agent is trying to sell you an annuity that costs $200,000 today. By buying this annuity, your agent promises that you will receive

Your insurance agent is trying to sell you an annuity that costs $200,000 today. By buying this annuity, your agent promises that you will receive payments of $1,500 a month for the next 20 years. What is the monthly rate of return on this investment?

A. .258 percent

B. .437percent

C. .548percent

D. .682 percent

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