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Home Q & A Board Science-Related Homework Help Mathematics
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pinkkurage pinkkurage
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10 months ago
A life insurance company advertises that $75,000 will purchase a 25-year annuity paying $456.10 at the end of each month. What monthly compounded nominal rate of return does the annuity investment earn?

▸ 5.4%

▸ 6.2%

▸ 5.7%

▸ 5.6%

▸ 4.5%
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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inhibitor128inhibitor128
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pinkkurage Author
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10 months ago
This site is awesome
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Thanks for your help!!
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Thank you, thank you, thank you!
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