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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 $ 2 2 ,
The Maybe Pay Life Insurance Company is trying to sell you an investment policy that will pay you and your heirs $ per year forever. Suppose a sales associate told you the policy costs $ 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 decimal places, eg
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