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Curlys Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $34,000 per year forever. Assume the

Curlys Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $34,000 per year forever. Assume the required return on this investment is 7 percent.

How much will you pay for the policy? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Policy value today $

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