An investor was afraid that he would become like King Lear in his retirement and beg hospitality from his children, so he purchased grain "tithes," or shares in farm output, for 780 pounds. The thes paid him 77 pounds per year for 33 years. What interest rate did the he receive on this investment? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Live Forever Insurance Company is selling a perpetual annuity contract that pays $2,400 monthly. The contract currently sells for $332,000 a. What is the monthly return on this investment vehicle? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16 b. What is the APR? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16 c. What is the effective annual return? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal ploces, e.g., 32.16 You have just purchased a new warehouse. To finance the purchase, you've arranged for a 31 -year mortgage loan for 75 percent of the $3,210,000 purchase price. The monthly payment on this loan will be $15,400. a. What is the APR on this loan? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.9., 32.16. b. What is the EAR on this loan? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.9., 32.16. You make $10.200 annual deposits into a retirement account that pays an APR of 9.6 percent compounded monthly Your first depos will be one year from today. How large will your account balance be in 33 years? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16