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You just paid $350,000 for a policy that will pay you and your heirs $12,000 a year forever. What rate of return are you earning

You just paid $350,000 for a policy that will pay you and your heirs $12,000 a year forever. What rate of return are you earning on this policy?

a. 3.25%.

b. 3.33%

c.3.34%

d.3.50%

e.3.67%

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