If the required return on this investment is 480 how much, Financial Management

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If the required return on this investment is 480 how much

The Wanting Life Insurance Co., is trying to sell you an investment policy that will pay you and your heirs $20,000 per year forever, and the first payment will start 3 years from now.

If the required return on this investment is 4.80%, how much will you pay for the policy?

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Financial Management: If the required return on this investment is 480 how much

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Financial Management: If the required return on this investment is 480 how much

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