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1. Curly's Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $66,000 per year forever. If

1. Curly's Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $66,000 per year forever. If the required return on this investment is 8 percent, how much will you pay for the policy? (Round your answer to nearest whole number, i.e. 32)

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