Required return-how much will you pay for the policy

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Reference no: EM131580934

Curly's Lite Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $38,000 per year forever.

Assume the required return on this investment is 6.3 percent.

How much will you pay for the policy? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) Policy value today $

Reference no: EM131580934

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