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Beta Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $10,000 per year forever. If the required
Beta Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $10,000 per year forever. If the required return on this investment is 4.75 percent, how much will you pay for the policy?
A. $217,119.02
B. $206,576.83
C. $214,211.50
D. $210,526.32
E. $221,160.91
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