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Business, 02.10.2019 03:00 ptrlvn01

Assume that you own an annuity that will pay you $15,000 per year for 12 years, with the first payment being made today. you need money today to start a new business, and your uncle offers to give you $120,000 for the annuity. if you sell it, what rate of return would your uncle earn on his investment?

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