A representative for curlys tells you the policy costs, Financial Management

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A representative for curlys tells you the policy costs

Curly’s Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $26,000 per year forever. A representative for Curly’s tells you the policy costs $510,000. Required: At what interest rate would this be a fair deal? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).) Interest rate %

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Financial Management: A representative for curlys tells you the policy costs

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