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The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your an amount per year forever.
The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your an amount per year forever. If the required return on this investment is 5.8 percent, how much will you pay for the policy?(Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)
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So you would pay 172414 for the policy To determine the price yo...Get Instant Access to Expert-Tailored Solutions
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