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An insurance company is trying to sell you an investment policy that will pay you and your heirs $90,000 per year forever. If the required
An insurance company is trying to sell you an investment policy that will pay you and your heirs $90,000 per year forever. If the required return on this investment is 6.0 percent, how much will you pay for the policy?
Group of answer choices
$1,500,000
$900,000
$1,200,000
$2,000,000
$1,800,000
(Just need the answer. Thank you.)
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