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Larry s Life insurance Co. Is trying to seil you an investment policy that will pay you ana your heirs $28,000 per year forever. Assume

Larry s Life insurance Co. Is trying to seil you an investment policy that will pay you ana your heirs $28,000 per year forever. Assume the required return on this investment is 7.6 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 17,269.58

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