An insurance firm agrees to pay you $5,131 at the end of 29 years if you pay premiums of $158 per year at the end of each year for 29 years. Find the internal rate of return to the nearest whole percentage point. 0.60% 0.40% 1.00% 1.20% O 0.80%

Q: To borrow $1,200, you are offered an add-on interest loan at 9 percent. Two loan payments are to be…

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A:

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A: b. $6,190.68 Explanation:We can calculate the future value of the CD using the compound interest…

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A: Calculate the rate of return per annum using Excel as follows:Formula sheet:Notes:To understand the…

Q: What's the present value of a perpetuity

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Q: None

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Q: Vijay

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A: Given:

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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.