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Business, 11.03.2020 21:33 monifaWilson
Toshi’s Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $25,000 per year forever. If your required rate of return on this investment is 7%, how much the most are you willing to pay for the policy? Round to the nearest cent. Do not include any unit (If your answer is $111.11, then type 111.11 without $ sign.)
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