Fiber-optic technology, with all its benefits, is also very inexpensive
Indicate whether the statement is true or false
FALSE
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A beneficiary decides to take the option that will pay the largest amount per payment, knowing after death no monies will be paid out to any descendents. The settlement option is:
A. Life Guaranteed B. Life with Period Certain C. Life Income (Straight Life) D. Life Refund Income
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A perpetuity pays $550 at the end of every month. The PV of the perpetuity is $36,000. What is the effective interest rate (EIR) on the perpetuity?
A) 19.95% B) 18.33% C) 9.17% D) 13.42% E) 15.15%
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