What rate of return are you earning on this policy

Assignment Help Accounting Basics
Reference no: EM133124195

Question - You just paid £350,000 for a policy that will pay you and your heirs £12,000 a year forever. What rate of return are you earning on this policy?

a. Not enough information to answer this question

b. 2.43%

c. 29.17%

d. 3.43%

e. 4.33%

Reference no: EM133124195

Questions Cloud

Find how provide data integration : Enter zoovy.com and find how they provide data integration. Click on the areas that inhibit EC growth (see diagram there). Write a short report.
What is global migration : 1. What is global migration? 2. Explain the following types of global migration:
Discuss issue of securing backups : Discuss the issue of securing backups. How should backup media be secured? What about off-site storage of backups?
What is this prize worth to you today : As your prize, you will receive £2,000 a month for ten years. If you can earn 7 percent per annum on your money, what is this prize worth to you today
What rate of return are you earning on this policy : You just paid £350,000 for a policy that will pay you and your heirs £12,000 a year forever. What rate of return are you earning on this policy
Discuss the model setup in ANSYS Workbench : Systematic understanding of knowledge which is at the forefront of modern engineering design and optimisation
Cyber security attack : Identify a recent cyber security attack. Provide?a brief overview of potential incident response plan requirements and processes that you would recommend.
What is the current cost of the motorcar to florida motors : A Toyota motorcar manufactured in Japan costs ¥1,500,000. What is the current cost of the motorcar to Florida Motors
How did the panic of 1901 crisis unfold : How did the Panic of 1901 crisis unfold? Provide a timeline, some context, and a discussion of the major events of the crisis. Explain how, and why, the financi

Reviews

Write a Review

Accounting Basics Questions & Answers

  Review of the payroll records show that unpaid salaries

A review of the payroll records show that unpaid salaries in the amount of 561.00 are owned by Byte for three days. June 28-30. ignore payroll taxes

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the above transactions and the depreciation journal entries required at the end of each reporting period up to 30 June

  What were the causes of the global financial crisis

What were the causes of the global financial crisis? Has the global financial crisis strengthened the global banking system? 5-6 pages.

  What is the current dividend per share

If it's the company's policy to always maintain a constant growth rate in its dividends, what is the current dividend per share

  How would they handle different currencies in same system

How would they handle different currencies in the same system, and how would they address matters of inventory and related costs such as taxes in the US

  Prepare the entries to close income summary

The company had owner drawings totalling $35,000 during the period. Prepare the entries to close Income Summary and the Owner's Drawings account

  What was the present worth in the year of purchase

What was the present worth in the year of purchase of the income stream over a 10-year period? The firm expected rate of return for any purchase is 15% per year

  Why the use of large dollar balances as the basis

Why the use of large dollar balances as the basis for selecting accounts payable for confirmation might not be the most effective approach for the audit

  For the year ended december 31 2013 fidelity engineering

for the year ended december 31 2013 fidelity engineering reported pretax accounting income of 977000. selected

  Construct a graphic representation of the data using six

to compare commuting times in various locations independent random samples were obtained from the six cities presented

  Compute total manufacturing costs incurred

WIP inventory on December 31, 2006 is $50. WIP inventory during 2006 decreased 60%. Compute total manufacturing costs incurred during 2006

  In 2007 admire company accrued for financial statement

in 2007 admire company accrued for financial statement reporting estimated losses on disposal of unused plant

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd