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What rate of return must the insurance company invest

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Reference no: EM132663440

Chris Seals has just given an insurance company $72,525. In return, she will receive an annuity of $10,658 for 11 years.

Problem a. At what rate of return must the insurance company invest this $72,525 to make the annual payments? (Use a Financial calculator to arrive at the answers. Round the final answer to 3 decimal places.)

Problem b. What rate of return is required if the annuity is payable at the beginning of each year? (Use a Financial calculator to arrive at the answers. Round the final answer to 2 decimal places.)

Reference no: EM132663440

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