Your rich uncle dies, leaving you a life insurance policy worth $100,000. The insurance company also offers

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Your rich uncle dies, leaving you a life insurance policy worth $100,000. The insurance company also offers you an option to receive $8,225 per year for 20 years, with the first payment due today. Which option should you use?

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Financial Markets And Institutions

ISBN: 978-0132136839

7th Edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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Question Posted: Nov 12, 2012 01:14 AM

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Your rich uncle dies, leaving you a life insurance policy worth $100,000. The insurance company also offers

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Since the options are either 100000 immediately or 8225year you can calculate the rate ...View the full answer

Financial Markets And Institutions

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