31 Your Insurance Agent Is Trying To Sell You An Annuity That Costs 50 000 Today By 2458992
31) Your insurance agent is trying to sell you an annuity that costs $50,000 today. By buying this annuity, your agent promises that you will receive payments of $250 a month for the next 20 years. What is the rate of return on this investment? A) 2.47 percent B) 3.75 percent C) 1.88 percent D) […]