Curly’s Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $41,000 per year forever. Assume the required return on this investment is 6.6 percent.
Required:
How much will you pay for the policy? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
Policy value today $