Problemyou just paid 350000 for a policy that will pay you, Ask an Expert

Finance

Problem:

You just paid $350,000 for a policy that will pay you and your heirs $12,200 a year forever.

Required:

Question: What rate of return are you earning on this policy?

3.26 percent
3.49 percent
3.75 percent
1.93 percent
3.37 percent

Note: Please show how to work it out.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91163380

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