The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay
Question:
The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $30,000 per year forever. If the required return on this investment is5.6 percent, how much will you pay for the policy?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (16 reviews)
Answer payments of 30000 per y...View the full answer
Answered By
DIPAK BHOYE
"I am a M.sc (organic chemistry) from NMU India and also a BSc graduate from The University of NMU, india.
I have many years of tutoring experience and I enjoyed teaching all grades students. I have been tutoring with other tutoring sites also and has a very good circle of more than 500 students from USA UK India and some other from South Asia tool am doing one to one tutoring also and like to teach Reactions and mechanism all subjects specially network problem wisi etc and i also like tutoring physics.chemistry Maths and Chemistry subjects and i have also tutoring many students for SAT exam So love tutoring and can taught all grades student. Many of my students' parents message me that your lessons improved our children's grades . So loving tutoring. I love eating and that too of different cuisines. I made many self-papers for this exam which include the basics of chemistry and elementary of all chemistry topics. Initially I worked as a Research Associate at The University of NMU Maharashtra and While at The University I assisted professors with their research work, preparation of course material on corporate finance and equity analyst
0.00
0 Reviews
10+ Question Solved
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Question Posted:
Students also viewed these Business questions
-
1) Prepare journal entries for the transactions. 2) Post each of the journal entries to related T-accounts. Shipping Inc.'s transactions during January 2021: 1. Jan. 1 - Issued 7,500 shares of no-par...
-
The Perpetual Life Insurance Co is trying to sell you an investment policy that will pay you and your heirs $14,113 per year forever. Suppose the Perpetual Life Insurance Co. told you the policy...
-
The Perpetual Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $ 15,000 per year forever. If the required return on this investment is 5.2 percent, how...
-
Why is using APA Style important for effective scholarly writing?
-
a) Calculate the equilibrium constant for the following reaction at 25°C. The standard cell potential of the corresponding voltaic cell is 0.010 V. (b) If an excess of tin metal is added to 1.0 M...
-
The equation of motion for the forced vibration of a single-degree-of-freedom nonlinear system can be expressed as \[\ddot{x}+c \dot{x}+k_{1} x+k_{2} x^{3}=a_{1} \cos 3 \omega t-a_{2} \sin 3 \omega...
-
Financial statements must contain objective and verifiable data if they are to be useful. Yet, many estimates and subjective assumptions are required to facilitate the preparation of these reports....
-
Macro Data Corporation's three divisions had the following operating data during the year: Required: 1. Compute the contribution margin for each division. 2. Compute the segment margin for each...
-
If the month ends on Wednesday, and wages will not be paid until Friday, you need to accrue the wages for the two days (Thursday and Friday) that fall after the month-end. Each employee earns $650...
-
Simon's multiple intelligences assessment suggested that he might want to study in groups and share or teach course information to others. What is the best description of Simon's dominant...
-
Pursell Bank offers you a five-year loan for $100,000 at an annual interest rate of 6.8 percent. What will your annual loan payment be?
-
In the previous problem, suppose a sales associate told you the policy costs $525,000. At what interest rate would this be a fair deal?
-
Explain what is meant by the term excitation-contraction coupling.
-
Please read the attached WSJ article and discuss manageral reponsibilities and liabilities on the logistics and transportation part of a business. Norfolk Southern Comes Under Scrutiny After Ohio...
-
What specific mediation techniques have been found most effective in resolving deep-seated conflicts within culturally diverse teams, and how do these techniques influence the overarching power...
-
Heidi is preparing her tax return for the year and is looking at ways to save on her tax bill. Heidi worked full time in the day and tended bar at night. Her daytime employer reported her income for...
-
How can conflict resolution strategies be designed to not only resolve immediate disputes but also address underlying social justice issues, thereby creating a more equitable and inclusive...
-
What is an intangible asset? Would you please give me some examples of intangible assets? Franchise is an intangible asset in our hospitality and tourism industry. Please find a hospitality franchise...
-
Nike, Inc., is a leading manufacturer of sports apparel, shoes, and equipment. The company's 2015 financial statements contain the following information ($ in millions): A note disclosed that the...
-
Show that, given a maximum flow in a network with m edges, a minimum cut of N can be computed in O(m) time.
-
Sources and Uses for the year just ended, you have gathered the following information about the Holly Corporation. a. A $200 dividend was paid. b. Accounts payable increased by $500. c. Fixed asset...
-
Sources and Uses for the year just ended, you have gathered the following information about the Holly Corporation. a. A $200 dividend was paid. b. Accounts payable increased by $500. c. Fixed asset...
-
Cost of current Assets Loftis Manufacturing, Inc., has recently installed a just-in-time (JIT inventory system. Describe the effect this is likely to have on the companys carrying costs, shortage...
-
What is the allocation amount for the Denver hotel if the allocation is made on the basis of property size
-
On Dec 3, Sterling orders and receives 6 workstations and a server from Dell on account. The workstations cost $800 each and the server costs $2000. Payment terms with Dell net 30. On Dec 5, Sterling...
-
What did you find most interesting, unexpected, disappointing about freelance work
Study smarter with the SolutionInn App