Order to declare the initial investment wise decision

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An innovative investment policy that costs $10,000 now will provide $1000 per month beginning 361 months from now, for as long as you live. If you die before the initial 30-year period, you receive nothing. At an interest rate of 6% per year compounded monthly, how long (in months) after you start collecting the money would you have to live in order to declare the initial investment a wise decision?

Reference no: EM131880589

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