Question
Your insurance agent is trying to sell you an annuity that costs $65,000 today. By buying this annuity, your agent promises that you will receive
Your insurance agent is trying to sell you an annuity that costs $65,000 today. By buying this annuity, your agent promises that you will receive payments of $345 per month for 25 years. What is the rate of return expressed as an APR on this investment?
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Investing In Fixed Income Securities Understanding The Bond Market
Authors: Gary Strumeyer
1st Edition
0471465127, 9780471465126
