Question
Mike Williams, a well-known real estate appraiser, just paid $435,000 for an insurance policy that will pay his wife Denise Williams $17,300 per year forever
Mike Williams, a well-known real estate appraiser, just paid $435,000 for an insurance policy that will pay his wife Denise Williams $17,300 per year forever with the first payment in one year. The rate of return Mike and Denise William are earning on this policy is:
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Advances In Financial Machine Learning
Authors: Marcos Lopez De Prado
1st Edition
1119482089, 978-1119482086
