CH9 HW 8 Boints Skipped eBook Hint Print 0 References Saved Check my work Problem 9-34 Yield on investment [LO9-4] C. D.

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Ch9 Hw 8 Boints Skipped Ebook Hint Print 0 References Saved Check My Work Problem 9 34 Yield On Investment Lo9 4 C D 1 (32.83 KiB) Viewed 47 times

CH9 HW 8 Boints Skipped eBook Hint Print 0 References Saved Check my work Problem 9-34 Yield on investment [LO9-4] C. D. Rom has just given an insurance company $36,500. In return, he will receive an annuity of $4,600 for 20 years. At what rate of return must the insurance company invest this $36,500 in order to make the annual payments? Use Appendix D for an approximate answer, but calculate your final answer using the financial calculator method. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Rate of return %