Question
The Maybe Pay Life lnsurance Co. is trying to sell you an investment policy that will pay you and your heirs $30,000 per year forever.
The Maybe Pay Life lnsurance Co. is trying to sell you an investment policy that will pay you and your heirs $30,000 per year forever. lf the required return on this investment is 5.8 percent, how much will you pay for the policy? (Round your answer to 2 decimal places
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Finance For A Better World
Authors: Henri-Claude De Bettignies, F. Lépineux
2009th Edition
0230551300, 978-0230551305
