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You just paid $470,000 for a policy that will pay you and your heirs $19,400 per year forever with the first payment in one year.
You just paid $470,000 for a policy that will pay you and your heirs $19,400 per year forever with the first payment in one year. What rate of return are you earning on this policy? Multiple Choice 4.13% 4.40% 4.33% 3.97% 4.27%
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