Question
samantha recieves a 10000 life insurance benefit. if she uses the proceeds to buy an n year annuity immediate the annual payout will be 1538.
samantha recieves a 10000 life insurance benefit. if she uses the proceeds to buy an n year annuity immediate the annual payout will be 1538. if a 2n year annuity immediate is purchased the annual payout will be 1072. calculate the effective annual interst rate
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Investing In Financial Research A Decision Making System For Better Results
Authors: Cheryl Strauss Einhorn, Tony Blair
1st Edition
1501732757, 9781501732751
