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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 $38,000 per year
The Maybe Pay Life Insurance Company is trying to sell you an investment policy that will pay you and your heirs $38,000 per year forever. A sales associate for the company told you the policy costs $630,000. 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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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
10th edition
978-0077511388, 78034779, 9780077511340, 77511387, 9780078034770, 77511344, 978-0077861759
