An insurance firm agrees to pay you $3,310 at the end of 20 years if you pay a premium of $100 per year at the end of each year of the 20 years. Find the internal rate of return to the nearest whole percentage point
A) 9%
B) 7%
C) 5%
D) 3%
E) 11%
C
Business
You might also like to view...
Which is a modern way of achieving free ink?
a. Getting the local newspaper to interview you. b. Getting you company mentioned in your local television news c. Having a blogger write about your product. d. Going viral.
Business
Discuss the processes involved in training and developing employees
What will be an ideal response?
Business