jjholsman jjholsman

11-10-2021
Mathematics

contestada

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?

Respuesta :

Аноним Аноним

11-10-2021

Answer:

3.98%

Step-by-step explanation:

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

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