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You just purchased an insurance policy that will pay your descendants a constant amount of money every year indefinitely. The discount rate is 6.3 percent.

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You just purchased an insurance policy that will pay your descendants a constant amount of money every year indefinitely. The discount rate is 6.3 percent. How much will your descendants receive each year if you paid $5,000,000 for this policy today? $563,630 $315,000 $430,000 $793,651 $126,000

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