MC algo 5-47 Calculating Annuity Interest Rates Your insurance agent is trying to sell you an annuity that costs $70,000 today. By buying this annuity, your agent promises that you will receive payments of $530 per month for 20 years. What is the rate of return expressed as an APR on this investment? Multiple ChoiceMC algo 5-47 Calculating Annuity Interest Rates Your insurance agent is trying to sell you an annuity that costs $70,000 today. By buying this annuity, your agent promises that you will receive payments of $530 per month for 20 years. What is the rate of return expressed as an APR on this investment?