Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / The Maybe Pay Life Insurance Co is trying to sell you an investment policy that will pay y...

The Maybe Pay Life Insurance Co is trying to sell you an investment policy that will pay you and your heirs 36000 per year forever Suppose a sales associate told you the policy costs 481000 At

The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $36,000 per year forever. Suppose a sales associate told you the policy costs $481,000. At what interest rate would this be a fair deal? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Interest rate %
 

Aug 17 2020 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions