Delayed Annuity (SDT) Christina is planning on buying an insurance policy that will...
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Delayed Annuity SDT Christina is planning on buying an insurance policy that will pay for $ a year for years, with the first payment occurring in years, if she is still alive, otherwise the policy will payout a lump sum to her heirs at the end of year The rate of return on the policy is percent? What is the value of the lump payout? If Christina purchases the policy, what is the maximum she is willing to pay?
Delayed Annuity SDT
Christina is planning on buying an insurance policy that will pay for $ a year for years, with the first payment occurring in years, if she is still alive, otherwise the policy will payout a lump sum to her heirs at the end of year The rate of return on the policy is percent?
What is the value of the lump payout?
If Christina purchases the policy, what is the maximum she is willing to pay?
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