Question
The Sutherland Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $34,000 per year forever. If
The Sutherland Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $34,000 per year forever. If the required return on this investment is 6.2%, how much will you pay for the policy? (Round the final answer to 2 decimal places. Omit $ sign in your response.)
Present value $ ????
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Fundamentals Of Healthcare Finance
Authors: Louis C. Gapenski
2nd Edition
1567934757, 978-1567934755
