The rate of return offered by Reliance Insurance Co. on its 20year annuities is 3.9% compounded monthly.
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The rate of return offered by Reliance Insurance Co. on its 20year annuities is 3.9% compounded monthly. Thom wishes to purchase an annuity from Reliance that will provide him with monthend payments of $1000 for the next 20 years. How much will Reliance charge Thom for this annuity?
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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