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A certain insurer's annuity contract provides that the participation rate is 100% and the cap rate is 7.5%. If the index gain is 10%, what
A certain insurer's annuity contract provides that the participation rate is 100% and the cap rate is 7.5%. If the index gain is 10%, what rate of interest will be credited to the annuity account?
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The credited interest rate will be the lower value between the partici...
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Business Mathematics In Canada
Authors: Ernest Jerome
7th edition
978-0071091411, 71091416, 978-0070009899
