Question: In the previous problem, suppose Curlys told you the policy costs $600,000. At what interest rate would this be a fair deal? Data From Problem

In the previous problem, suppose Curly’s told you the policy costs $600,000. At what interest rate would this be a fair deal?


Data From Problem 10

Curly’s Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $35,000 per year forever.

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