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value: 16.66 points Problem 6-11 Calculating Perpetuity Velues [LO1 The Maybe Pay Life Insurance Co....

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value: 16.66 points Problem 6-11 Calculating Perpetuity Velues [LO1 The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that wll pay you and your heirns $25,000 per year forever. Suppose a sales associate told you the policy costs $470,000. At what interest rate would this be a fair deal? (Do not round intermediate caleujations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Interest rate References eBook & Resources Difiaulty: Basc Section: 6.2 Valuing Level Cash Flow Worksheet Problem 6-11 Calculating Perpetuity Values [LO1] Leaming Objective: 06-01 How to determine the future and present value of investments with multiple cash flows. MacBook Pro

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