Question
The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $18,361 per year forever.
The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $18,361 per year forever. Suppose a sales associate told you the policy costs $448,997. At what interest rate would this be a fair deal? (round 2 decimal places)
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Financial Management In The Sport Industry
Authors: Matthew T. Brown, Daniel A. Rascher, Mark S. Nagel, Chad D. McEvoy
3rd Edition
0367321211, 978-0367321215
