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The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $13,000 per year forever.
The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $13,000 per year forever. If the required return on this investment is 6 percent, you will pay $ for the policy. (Do not include the dollar sign ($). Round your answer to 2 decimal places. (e.g., 32.16)) I have an answer but not confident that it's right. Please tell me the correct answer and how you got there, thank you very much
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