How much are you willing to pay for the policy

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Reference no: EM131840089

The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $12,000 per year forever. If the required return on this investment is 12 percent, how much are you willing to pay for the policy? (Do not include the dollar sign ($), and round your answer to two decimal places. (e.g., 123456.45).

Reference no: EM131840089

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