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Perpetuity -Solving for Similar to #23, pg. 157, Ch.5) Standards Life Insurance offers a perpetuity that pays annual payments of $12,000. This contract sells for

Perpetuity -Solving for" Similar to #23, pg. 157, Ch.5) Standards Life Insurance offers a perpetuity that pays annual payments of $12,000. This contract sells for $250,000 today. What is the interest rate

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