An insurance company has issued a Guaranteed Investment Contract (GIC) that promises to pay $100,000 in six
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An insurance company has issued a Guaranteed Investment Contract (GIC) that promises to pay $100,000 in six years with an 8 percent return rate. What amount of money must the insurer invest today at 8 percent for six years to make the promised payment?
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Kirti Kaushal
Having experience of more than 10 years is good enough to coach my students. Currently, I am working as an active supervisor of ACCA students. In my career, I helped students in financial accounting, management accounting, cost accounting, financial reporting, taxation, and audit. I also helped students publish their articles or papers in good journals. I also helped students with thesis and objective writing.
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