Determine the present value of the insurance benefits that could provide $ 40,000 over the next 15

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Determine the present value of the insurance benefits that could provide $ 40,000 over the next 15 years for the Sampson family. Assume that the insurance payment could be invested to earn 6% interest over time.

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Personal Finance

ISBN: 978-0132994347

5th edition

Authors: Jeff Madura

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Question Posted: Oct 13, 2015 05:44 AM

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Determine the present value of the insurance benefits that could provide $ 40,000 over the next 15

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Annual Amount Number of Years Annual Interest Rate Present Value $40,000 15 6% |

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Personal Finance

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