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You just paid $347,000 for a policy that will pay you and your heirs $11,900 a year forever. What rate of return are you earning

You just paid $347,000 for a policy that will pay you and your heirs $11,900 a year forever. What rate of return are you earning on this policy?

3.43 percent

3.68 percent

3.21 percent

1.89 percent

3.32 percent

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