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An insurance company is offering life-long annual payments of $42,000. Required investment for this investment is $262,500. What is the implied rate of return on
An insurance company is offering life-long annual payments of $42,000. Required investment for this investment is $262,500. What is the implied rate of return on this investment? Select one: O a. 6.25 b. 1.33 c. 16.00 d. 13.33
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