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OpenStudy (anonymous):
Fidelity Mutual (an insurance company) has offered you a single premium annuity that will pay you $12,000 at the end of each year for the next 15 years. If you must pay $109,296 today for this annuity, what is your expected rate of return?
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OpenStudy (anonymous):
4.31%
OpenStudy (anonymous):
thanks!
OpenStudy (anonymous):
do u want the solution for it
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