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3 years ago

10

You just paid $435,000 for a policy that will pay you and your heirs $17,300 per year forever with the first payment in one year

. What rate of return are you earning on this policy?

1 answer:

Marysya12 [62]3 years ago

5 0

Answer:

3.98%

Step-by-step explanation:

R = $17,300/$435,000 = .0398, or 3.98%

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