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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 $31,000 per year

The Maybe Pay Life Insurance Company is trying to sell you an investment policy that will pay you and your heirs $31,000 per year forever. A sales associate for the company told you the policy costs $560,000. At what interest rate would this be a fair deal? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Interest rate %

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