Problemyou purchase a 100 00 life insurance policy for a, Ask an Expert

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Problem:

You purchase a $100, 00 life insurance policy for a single payment of $35,000. If you want to earn 9 percent on invested funds, how soon must you die for the policy to have been the superior alternative? If you die within ten years,

Required:

What is the return on investment in life insurance? Please explain in detail and also provide step by step solution. Please explain in detail and also provide step by step solution.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91146561

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