rafinahmed23 rafinahmed23

24-07-2021
Mathematics

contestada

D. Rom has just given an insurance company $35,000. In return, he will receive an annuity of $3,700 for 20 years. At what
rate of return must the insurance company invest this $35,000 in order to make the annual payments?

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Respuesta :

onyikeinnocent onyikeinnocent

24-07-2021

Answer:

0.53%

Step-by-step explanation:

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