an insurance company is offering quarterly payments of $750 for the next 21 years Exchange for a one-time payment of $39,000 today. What is the per annum rate of return on his offer? (Round to nearest 100th of a percent and enter your answer as a percentage, for example, as 12.34)

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Q: Egyghh gyu

A: Hope it helps :)

Types of Insurance Contract

Insurance is a contract wherein an individual or entity gets financial protection from the insurance company for any damages or losses incurred. The individual or entity is called the insured, whereas the insurance company is called the insurer. The insured and the insurer enter a legal contract for a fixed term called the insurance term, and the contract is called an insurance policy.