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You just paid $370,000 for a policy that will pay you and your heirs $13,400 per year forever with the first payment in one year.
You just paid $370,000 for a policy that will pay you and your heirs $13,400 per year forever with the first payment in one year. What rate of return are you earning on this policy? Multiple Choice 3.86% 3.49% 3.80% 3.62% 3.74%
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