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The C of K Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $30,000 per year

The C of K Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $30,000 per year forever. If the required return on this investment is 5.6 percent, how much will you pay for the policy? If a sales associate told you the policy costs $525,000 at what interest rate would this be a fair deal

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