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Q 6.6.1 - Your insurance agent is trying to sell you a Perpetuity that costs $100,000 today. By buying this perpetuity, your agent promises that

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Q 6.6.1 - Your insurance agent is trying to sell you a Perpetuity that costs $100,000 today. By buying this perpetuity, your agent promises that you and your family will receive payments of $5000 per month forever. What is the monthly rate of interest on this investment? 2% 0.75% 0.22% 5%

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