An insurance policy will pay you or your heirs 5000 a year, Financial Management

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An insurance policy will pay you or your heirs 5000 a year

An insurance policy will pay you or your heirs $5000 a year for 40 years. If the first payment is received 15 years from today and the discount rate is 5%, what is the total value of the policy today? A. $41,269 B. $42,189 C. $43,333 D. $43,546 E. $43,836

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Financial Management: An insurance policy will pay you or your heirs 5000 a year

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