At what interest rate would this be a fair deal

Assignment Help Financial Management

Reference no: EM131842510

Curly’s Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $43,000 per year forever. A representative for Curly’s tells you the policy costs $680,000.

Required:

At what interest rate would this be a fair deal? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).)

Interest rate %

Reference no: EM131842510

Questions Cloud

Major development in political philosophy : The only major development in political philosophy during this week's time period is Marx's theory. Because of capitalistic emphasis on growth

Differentiating between moral and nonmoral situations : Also, name something considered nonmoral (not mentioned in your text) that could be used in an immoral act.

What choices would you make regarding your population : What choices would you make regarding your population; what would be your target population? How would you select your sample?

What is the product cost for the expansion product : What is the product cost for the expansion product under absorption and variable costing? By adding this new expansion product, it helps to absorb the fixed

At what interest rate would this be a fair deal : At what interest rate would this be a fair deal?

What obstacles and limitations hindered your ability : This exercise is designed to help you experience some of the feelings and thoughts that addicted individuals experience when they quit their drug or behavior.

Discusses the implications of accounting theories : Choose a peer-reviewed journal article that discusses the implications of accounting theories to organisations; Report is of 1500 words

Develop your capital investment plan : Assume the role of a department manager who is seeking funding/financing for a capital investment, and you will create a capital investment plan.

Identify one example of a hazard illustrated in the article : Identify one example of a hazard illustrated in the article. What type of hazard is being illustrated by your example and Why?

User Account

All Pages