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You just paid $347,000 for a perpetuity that will pay you and your heirs $11,100 a year forever, with the first payment occuring a year
You just paid $347,000 for a perpetuity that will pay you and your heirs $11,100 a year forever, with the first payment occuring a year from today. What is the rate of return (interest rate) on this policy? Multiple Choice o 3.35 percent o 3.54 percent o 3.20 percent o 2.95 percent 2.95 percent o 3.26 percent
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