Business, 05.11.2020 19:10 rlumanlan549
Just before his first attempt at bungee jumping, John decides to buy a life insurance policy. His annual income at age 30 is $37,000, so he figures he should get enough insurance to provide his wife and new baby with that amount each year for the next 35 years. If the long-term interest rate is 6.5%, what is the present value of John's future annual earnings?
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Just before his first attempt at bungee jumping, John decides to buy a life insurance policy. His an...
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