Your uncle named you beneficiary of his life insurance policy. The insurance company gives you a choice

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Your uncle named you beneficiary of his life insurance policy. The insurance company gives you a choice of $100,000 today or a 12-year annuity of $12,000 at the end of each year. What rate of return is the insurance company offering?

(6.11%)

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Fundamentals Of Financial Management Concise Edition

ISBN: 9781285065137

8th Edition

Authors: Eugene F. Brigham, Joel F. Houston

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Question Posted: Jul 18, 2024 07:04 AM

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Your uncle named you beneficiary of his life insurance policy. The insurance company gives you a choice

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Fundamentals Of Financial Management Concise Edition

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