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Alfa Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $10,000 per year forever. If the

Alfa Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $10,000 per year forever. If the guaranteed rate of return on this investment is 5 percent, how much will you pay for the policy? Select one:

a. $241,160.91

b. $266,576.83

c. $254,211.50

d. $200,000.00

e. $277,777.78

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