An insurance company is offering quarterly payments of $10,000 for the next 25 years in exchange for
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Question:
An insurance company is offering quarterly payments of $10,000 for the next 25 years in exchange for a one-time payment of $400,000 today. What is the per annum rate of return on this offer? (Round to nearest 100th of a percent and enter your answer as a percentage, for example, as 12.34)
Related Book For
Engineering Economic Analysis
ISBN: 9780195168075
9th Edition
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
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