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Assume That You Own an Annuity That Will Pay You

question 99

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Assume that you own an annuity that will pay you $15,000 per year for 12 years,with the first payment being made today.You need money today to start a new business,and your uncle offers to give you $120,000 for the annuity.If you sell it,what rate of return would your uncle earn on his investment?


Definitions:

Enthusiasm

A state of mind wherein a person is filled with excitement toward something.

Hearing Vs Listening

The difference between simply perceiving sound (hearing) and actively paying attention and understanding what is being communicated (listening).

Nonverbal Communication

Nonverbal communication consists of transmitting messages without the use of words, through gestures, body language, facial expressions, and other visual cues.

Investigative Selling

A sales technique involving detailed research and questioning to understand a customer's specific needs and challenges, leading to customized solutions.

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