An insurance policy pays $50,000 immediately or $4,000 every 6 months for 10 years beginning now. What interest rate/2 is being used? You are given: 19/06 "20/05 11.1581 11.24% 10.59% 9.93% 11.77% 19.055 11.6077 12.4622 a 20,045 - 13.0079

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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An insurance policy pays $50,000 immediately or $4,000 every 6 months for 10 years beginning now. What interest rate / is being used?
You are given:
a
19/06
11.1581 a-
11.24%
10.59%
9.93%
11.77%
19 055
11.6077 a- = 12.4622
20/05
201045
= 13.0079
Transcribed Image Text:An insurance policy pays $50,000 immediately or $4,000 every 6 months for 10 years beginning now. What interest rate / is being used? You are given: a 19/06 11.1581 a- 11.24% 10.59% 9.93% 11.77% 19 055 11.6077 a- = 12.4622 20/05 201045 = 13.0079
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