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connect. FINANCE h6 KQuestion 4 (of 6) value: 16.66 points Problem 6-11 Calculating Perpetuity Values [LO1] The Maybe Pay Life Insurance Co. is trying to

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connect. FINANCE h6 KQuestion 4 (of 6) value: 16.66 points Problem 6-11 Calculating Perpetuity Values [LO1] The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $29,000 per year forever. Suppose a sales associate told you the policy costs $474,000. At what interest rate would this be a fair deal? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Interest rate References eBook & Resources Worksheet Difficulity: Basic Section: 62 Valuing Le Problem 6-11 Calculating Perpetuity Values [LO1] Learning Objective: 06-01 How to determine the future and present value of investments with multiple cash flows Ps

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