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Curly's Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $32,000 per year forever. Suppose Curly's told...
Curly’s Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $32,000 per year forever. Suppose Curly’s told you the policy costs $570,000. At what interest rate would this be a fair deal? Required: At what interest rate would this be a fair deal? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).)