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The Perpetual Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $11,000 per year forever. b.
| The Perpetual Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $11,000 per year forever. |
| b. | Suppose the Perpetual Life Insurance Co. told you the policy costs $240,000. At what discount rate would this be a fair deal? (Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
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Investing In Real Estate Private Equity
Authors: Sean Cook
1st Edition
1980587027, 978-1980587026
