[Solved] Maybepay Life Insurance Co. is selling a

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Maybepay Life Insurance Co. is selling a perpetual contract that pays $4,247/year. The contract currently sells for $148,255. What is the rate of return on

Maybepay Life Insurance Co. is selling a perpetual contract that pays $4,247/year. The contract currently sells for $148,255. What is the rate of return on this investment? Enter answer as 4 decimals (e.g. 0.1234).

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