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The Maybe Pay Life Insurance Company is trying to sell you an investment policy that will pay you and your heirs $ 4 4 ,

The Maybe Pay Life Insurance Company is trying to sell you an investment policy that will pay you and your heirs $44,000 per year forever. Assume the required return on this investment is 6.9 percent. How much will you pay for the policy?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
\table[[Policy value today,$,195,068.00
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