Business
Business, 10.12.2020 16:20, jaimes04

Grace paid a life insurer $45,000 in exchange for an immediate life annuity. Grace will receive $500 per month from the insurer, and her life expectancy is 15 years (180 months). What is the exclusion ratio in this case?

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Grace paid a life insurer $45,000 in exchange for an immediate life annuity. Grace will receive $500...

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