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The Eternal Gift Insurance Company is offering you a policy that will pay you and your heirs $ 1 0 , 0 0 0 a

The Eternal Gift Insurance Company is offering you a policy that will pay you and your heirs $

10, 000

a year for

50

years. The first payment will occur one year from today. The cost of the policy is $

285, 000 .

What is the rate of return on this policy?

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