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You just paid $333,000 for a policy that will pay you and your heirs $12,500 per year forever with the first payment in one
You just paid $333,000 for a policy that will pay you and your heirs $12,500 per year forever with the first payment in one year. What rate of return in percentage are you earning on this policy? Round the percentage number to two decimals. E.g., if the answer is 12.3456%, type 12.35, and not 0.1235 Your Answer:
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To calculate the rate of return or interest rate on the policy ...
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
