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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 $…

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 $…
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1 vote
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?

User Gerstmann
by
7.7k points

1 Answer

3 votes

Answer:

0.53%

Explanation:

hope it is well understood

D. Rom has just given an insurance company $35,000. In return, he will receive an-example-1
User Ben Rowe
by
8.0k points
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