Question: Moving to another question will save this response. Question 4 You just paid $501,000 for an annuity that will pay you and your heirs
Moving to another question will save this response. Question 4 You just paid $501,000 for an annuity that will pay you and your heirs $10,000 a year forever. What rate of retum are you earning on this policy? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, eg, 32.16)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
