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Your insurance company is offering you an investment policy that will pay you $10,000 per year for 18 years. The companys sales department informed you
Your insurance company is offering you an investment policy that will pay you $10,000 per year for 18 years. The companys sales department informed you that the policy will cost $120,000. At what interest rate would this be a fair deal. (Round your answer to 2 decimal places) Note:you may use excel.
Your insurance company is offering you an investment policy that will pay you $10,000 per year for 18 years. The companys sales department informed you that the policy will cost $120,000. At what interest rate would this be a fair deal. (Round your answer to 2 decimal places)
Note:you may use excel.
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
978-0133866292
