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. Suppose Curly's told...

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. Suppose Curly’s told you the policy costs $600,000. 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).)