question archive Harvard UniversityACCOUNTING 314 Your insurance agent is trying to sell you an annuity that costs $100,000 today
Harvard UniversityACCOUNTING 314 Your insurance agent is trying to sell you an annuity that costs $100,000 today
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Harvard UniversityACCOUNTING 314
Your insurance agent is trying to sell you an annuity that costs $100,000 today. By buying this annuity, your agent promises that you will receive payments of $390.20 a month for the next 40 years. What is the rate of return on this investment?
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