Question
Maybepay Life Insurance Co. is selling a perpetual contract that pays $2,801/year. The contract currently sells for $144,750. What is the rate of return on
Maybepay Life Insurance Co. is selling a perpetual contract that pays $2,801/year. The contract currently sells for $144,750. What is the rate of return on this investment? Enter answer with 4 decimals (e.g. 0.1234).
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Money Banking And Financial Markets
Authors: Stephen G. Cecchetti
1st Edition
0072452692, 9780072452693
