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Nittany Life Insurance Co . is offering to sell you an investment that will pay you and your heirs $ 2 , 7 4 2

Nittany Life Insurance Co. is offering to sell you an investment that will pay you
and your heirs $2,742 per year forever. If you require a 7% return on this
investment, what is the most you should pay for this investment? Round your
answer to two decimals.
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