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The maybe pay life insurance co is trying to sell you an investment policy that will pay yu and your heirs $40,000 per year forever. if the required return on this investment is 5.1 percent, how much will you pay for the policy? Suppose the sales associate told you the policy costs $650,000. At what interest rate would this be a fair deal?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91953689

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