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Business, 01.03.2021 22:20 emilio77100
An insurance company is trying to sell you an investment policy that will pay you and your heirs $90,000 per year forever. If the required return on this investment is 6.0 percent, how much will you pay for the policy?
a. $1,500,000
b. $900,000
c. $1,200,000
d. $2,000,000
e. $1,800,000
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An insurance company is trying to sell you an investment policy that will pay you and your heirs $90...
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