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An insurance company offers a retirement annuity that pays $20,000 per year for 10 years and sells for $120,000. What is the implied interest rate
An insurance company offers a retirement annuity that pays $20,000 per year for 10 years and sells for $120,000. What is the implied interest rate that this insurance company is offering you?
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Introduction To Financial Technology
Authors: Roy S. Freedman
1st Edition
0123704782, 9780123704788
