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Maybepay Life Insurance Co. is selling a perpetual contract that pays $5,997/ year. The contract currently sells for $199,463. What is the rate of return

Maybepay Life Insurance Co. is selling a perpetual contract that pays $5,997/ year. The contract currently sells for $199,463. What is the rate of return on this investment? Enter answer with 4 decimals (e.g. 0.1234)

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