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The Sutherland Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $33,000 per year forever. If
The Sutherland Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $33,000 per year forever. If the required return on this investment is 6.1%, how much will you pay for the policy? (Round the final answer to 2 decimal places. Omit $ sign in your response.)
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