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Curly's Life Insurance Co. trying to sell you an investment

Question : Curly's Life Insurance Co. trying to sell you an investment : 6946

Curly's Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $31,000 per year forever. Suppose Curly's told you the policy costs $560,000. At what interest rate would this be a fair deal?

 

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