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Suppose that a life insurance company has guaranteed a payment of $ 1 4 million to a pension fund 4 . 5 years from now.
Suppose that a life insurance company has guaranteed a payment of $ million to a pension fund years from now. If the life insurance company receives a premium of $ million from the pension fund and can invest the entire premium for years at an annual interest rate of will it have sufficient funds from this investment to meet the $ million obligation?
A $
B$
C$
D $
C
A
B
D
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