why 0.06 dont need to plus 1? Question 10 Curly's...
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why 0.06 dont need to plus 1? 
Question 10 Curly's Life Insurance Co. is trying to sell you an investment policy that will pay you and your heir $25000 per year forever. If the required return on this investment is 6% per year, how much will you pay for the policy? I PV = Cir PV = $25,000/.06 PV = $416,666.67
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