You just paid 354000 for a policy that will pay you and


You just paid $354,000 for a policy that will pay you and your heirs $12,600 a year forever. What rate of return are you earning on this policy?

3.56 percent

3.44 percent

3.83 percent

3.32 percent

1.97 percent

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Financial Management: You just paid 354000 for a policy that will pay you and
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