Determining the rate of return

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You just paid $351,000 for a policy that will pay you and your heirs $12,300 a year forever. What rate of return are you earning on this policy?

Reference no: EM13746718

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Determining the rate of return : You just paid $351,000 for a policy that will pay you and your heirs $12,300 a year forever. What rate of return are you earning on this policy?
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