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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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