Time Value of Money - Yield with Interpolation
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Ester Seals has just given an insurance company $41,625. In return, she will
receive an annuity of $5,000 for 15 years. At what rate of return must the
insurance company invest this $41,625 to make the annual payments?
Interpolate.
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Solution Summary
This solution calculates the rate of return from cash flow data over 15 years. All formulas and workings are shown enclosed in an Excel file.
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Ester Seals has just given an insurance company $41,625. In return, she will
receive an annuity of $5,000 for 15 years. At what rate of return ...
Purchase this Solution
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