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5. Perpetuity: Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,400 monthly. The contract currently sells for $215,000. a. What is

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5. Perpetuity: Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,400 monthly. The contract currently sells for $215,000. a. What is the monthly return on this investment vehicle? Class / Team-Based Assignment b. What is the APR? c. What is the EAR

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