Annuity Interest Rate What's the Interest Rate of a 6-Year

question 25

Multiple Choice

Annuity Interest Rate What's the interest rate of a 6-year, annual $3,000 annuity with present value of $14,000?

• A) 5.64%
• B) 7.69%
• C) 10.17%
• D) 11.32%

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Definitions:

Job Seeker

An individual actively looking for employment or aiming to secure a new job.

Discouraged Workers

Individuals who would like to work but have given up looking for a job.

Marginally Attached Workers

Individuals who are not in the labor force, want and are available for work, and have looked for a job sometime in the past 12 months but not in the four weeks preceding the survey.

Bureau of Labor Statistics

The Bureau of Labor Statistics is a government agency that collects, analyzes, and disseminates various data related to employment, wages, and other economic indicators in the United States.