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Your insurance agent is trying to sell yoy annuity that cost 8 0 , 0 0 0 today. Bu buying this annuity your agent promises

Your insurance agent is trying to sell yoy annuity that cost

80, 000

today. Bu buying this annuity your agent promises you sill recieve payments of

425

per month for

25

years. What id the rate of return exspressed as an aAPR on this investment

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