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3-Curlys Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $34,000 per year forever. A representative
3-Curlys Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $34,000 per year forever. A representative for Curlys tells you the policy costs $590,000. At what interest rate would this be a fair deal? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Interest rate ?
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