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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 $43,000 per year forever.
The Maybe Pay Life Insurance Company is trying to sell you an investment policy that will pay you and your heirs $43,000 per year forever. Assume the required return on this investment is 6.8 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
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Finance Introduction To Institutions Investments And Management
Authors: Ronald W. Melicher, Edgar A. Norton
12th Edition
0471675792, 9780471675792
