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What is the future value of $12,857 in 10 years assuming an interest rate of 8 percent compounded monthly ? Maybepay Life Insurance Co. is

What is the future value of $12,857 in 10 years assuming an interest rate of 8 percent compounded monthly?

Maybepay Life Insurance Co. is selling a perpetual contract that pays $5,849/year. The contract currently sells for $154,173. What is the rate of return on this investment? Enter answer with 4 decimals (e.g. 0.1234).

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