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An insurance company is trying to sell you an investment policy that will pay you & your heirs $1000 per year forever, if the required

An insurance company is trying to sell you an investment policy that will pay you \& your heirs $1000 per year forever, if the required return on this investment is 12%, how much will you pay for the policy? $8,333 $10.333 $9,333 $1200

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