At what rate of return must the insurance company invest
Question - C. D. Rom has just given an insurance company $35,500. In return, he will receive an annuity of $4,400 for 20 years.
At what rate of return must the insurance company invest this $35,500 in order to make the annual payments?
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question - c d rom has just given an insurance company 35500 in return he will receive an annuity of 4400 for 20
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