Solved

You Just Paid $350,000 for a Policy That Will Pay

Question 86

Multiple Choice

You just paid $350,000 for a policy that will pay you and your heirs $12,000 a year forever. What rate of return are you earning on this policy?


A) 3.25%
B) 3.33%
C) 3.43%
D) 3.50%
E) 3.67%

Correct Answer:

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