You just paid 350000 for a policy that will pay you and


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

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Financial Management: You just paid 350000 for a policy that will pay you and
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