Curlys life insurance co is trying to sell you an


Curly's Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $37,000 per year forever. Assume the required return on this investment is 6.2 percent.

Required:

How much will you pay for the policy?

 

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Finance Basics: Curlys life insurance co is trying to sell you an
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