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Business, 09.10.2019 19:30 Ehdhhxjdjjd866

Alife insurer owes $550,000 in eight years. to fund this outflow, the insurer wishes to buy strips that mature in eight years. the strips have a $5,000 face value per strip and pay a 6 percent apr with semiannual compounding. how much must the insurer spend now to fully fund the outflow (to the nearest dollar)?

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Alife insurer owes $550,000 in eight years. to fund this outflow, the insurer wishes to buy strips t...

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