You just paid $333,000 for a policy that will pay you and your heirs $12,500 per...
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You just paid $333,000 for a policy that will pay you and your heirs $12,500 per year forever with the first payment in one year. What rate of return in percentage are you earning on this policy? • Round the percentage number to two decimals. E.g., if the answer is 12.3456%, type 12.35, and not 0.1235 Your Answer: You just paid $333,000 for a policy that will pay you and your heirs $12,500 per year forever with the first payment in one year. What rate of return in percentage are you earning on this policy? • Round the percentage number to two decimals. E.g., if the answer is 12.3456%, type 12.35, and not 0.1235 Your Answer:
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Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Posted Date:
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