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ChapmanLife Insurance Company is selling a perpetual annuity contract that pays $1250 monthly. The contract currently sells for 25,000. What is the monthly returnon this

ChapmanLife Insurance Company is selling a perpetual annuity contract that pays $1250 monthly. The contract currently sells for 25,000. What is the monthly returnon this investment miracle (Hint: what is the periodic interest rate)? What is the APR?

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