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Please help me solve this question Bob's Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs

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Bob's Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $700 per year forever starting today. If the annual rate of interest is 12%, how much will you pay for this policy? ( 8 points) a. 5,800.00 b. 5,833.33 c. 6,533.33 d. 5,208.33 Question 5 (Mandatory) (8 points)

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