Alfa Life Insurance Co.is trying to sell you an investment policy that will pay you and your heirs $10,000 per year forever.If the required return on this investment is 4.75 percent,how much will you pay for the policy?
A) $206,576.83
B) $210,526.32
C) $214,211.50
D) $217,119.02
E) $221,160.91
Correct Answer:
Verified
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