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2) You just paid $390,000 for a policy that will pay you and your heirs $14,600 per year forever with the first payment in one
2) You just paid $390,000 for a policy that will pay you and your heirs $14,600 per year forever with the first payment in one year. What rate of return are you earning on this policy?
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
16th Edition
0357517571, 978-0357517574
