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:
Answer:
3.98%
Step-by-step explanation:
R = $17,300/$435,000 = .0398, or 3.98%
You might be interested in
Answer:
c
Step-by-step explanation:
(8/16) would be the slope
They both have the same rate of change
Answer:
sorry dont know
Step-by-step explanation:
