Suppose you buy an insurance policy today for $2 every week, starting next week that provides $10,000

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Suppose you buy an insurance policy today for $2 every week, starting next week that provides $10,000 for final expenses (burial insurance).

How many years must you live for this to be a wise decision if your opportunity cost is 7%?

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Foundations And Applications Of The Time Value Of Money

ISBN: 9780470407363

1st Edition

Authors: Pamela Peterson Drake, Frank J. Fabozzi

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Question Posted: Jun 05, 2024 02:04 AM

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Suppose you buy an insurance policy today for $2 every week, starting next week that provides $10,000

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Foundations And Applications Of The Time Value Of Money

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