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What is the value of the insurance policy today

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Question - You are the beneficiary of an insurance policy that will pay you of £641 a month for ten years. You can earn 6.5% per annum on your money. What is the value of the insurance policy today?

a. 56,451.91

b. 9,856.39

c. 4,608.04

d. 6,223.10

Reference no: EM133118309

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