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9 November, 03:10

Your insurance agent is trying to sell you an annuity that costs $75,000 today. By buying this annuity, your agent promises that you will receive payments of $500 per month for 20 years. What is the rate of return expressed as an APR on this investment

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  1. 9 November, 05:50
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    Answer:$120,000

    Explanation: multiply $500 and 12 and get 6,000 then multiply 6,000

    then multiply 6000 and 20 and get 120,000
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