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5 Larry's Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $37,000 per year forever. A

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5 Larry's Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $37,000 per year forever. A representative for the company tells you the policy costs $620,000. At what discount 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.) 10 points Interest rate % eBook

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