Question
Larrys Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $25,000 per year forever. If the
Larrys Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $25,000 per year forever. If the required return on this investment is 4 percent, how much will you pay for the policy?
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The Complete Personal Finance Handbook
Authors: Teri B Clark
1st Edition
160138047X, 978-1601380470
