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You just spent $7,600,000 to purchase an insurance policy that will pay your descendants $500,000 per year indefinitely. Calculate the interest rate you are earning
You just spent $7,600,000 to purchase an insurance policy that will pay your descendants $500,000 per year indefinitely. Calculate the interest rate you are earning on this investment you just made. 15.2 percent 3.80 percent O 11.2 percent 5.76 percent 6.58 percent
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