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What interest rate are making on the retirement money

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Reference no: EM13246847

An insurance company has made you the following retirement offer. If you pay them $100,000 now, you will receive payments of $8000 a year for 10 years. After this they will pay you $9000 a year in perpetuity (for ever). What interest rate are you making on your retirement money?

Reference no: EM13246847

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