If you pay $100 in premiums per year at the end of each 20-year year, an insurance
Fantastic news! We've Found the answer you've been seeking!
Question:
If you pay $100 in premiums per year at the end of each 20-year year, an insurance company agrees to pay you $5116 at the end of 20 years.
Required:
Find the rate of return to the nearest exact percentage point.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: