The Maybe Pay Life Insurance Company is trying to sell you an investment policy

that will pay you and your heirs $$37,000$ per year forever. Suppose a sales

associate told you the policy costs $$482,000.$ 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$.,32\mathrm{.}16.$

Interest rate