1. (Do not round intermediate calculations. If the absolute value of your result is less than 1, then put a zero before the decimal point, like 0.16.)

   Farm Family Life Insurance Co. is selling a contract that pays $7,500 monthly to you and your heirs eternally. The contract currently sells for $585,000. What is the monthly return on this investment vehicle? % (Enter your answer in percentage rounded to 2 decimal places, e.g., 32.16.) What is the APR? % (Enter your answer in percentage rounded to 2 decimal places, e.g., 32.16.) What is the effective annual return? % (Enter your answer in percentage rounded to 2 decimal places, e.g., 32.16.)