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Questions and Answers
Based on the information provided, what is the annual rate of return earned on the investment?
Based on the information provided, what is the annual rate of return earned on the investment?
- 6% (correct)
- 2%
- 4%
- 8%
How much is the initial investment for an annuity of $10,000 for six years?
How much is the initial investment for an annuity of $10,000 for six years?
- $5,000
- $20,000 (correct)
- $10,000
- $30,000
How long will the annuity payments last?
How long will the annuity payments last?
- 6 years (correct)
- 8 years
- 2 years
- 4 years
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