Interest rates.

How many hats must the compa to break even?
December 26, 2020
What other options are available to ensure positive cash flows?
December 26, 2020

A life insurance company offers loans to its policyholders against the cash value of their policies at a (nominal) annual interest rate of 8 percent, compounded semiannually Determine the effective annual percentage interest rate on these loans Round your answer to two decimal places

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