Question
(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
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(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 $3,600 monthly to you and your heirs eternally. The contract currently sells for $437,000. 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.)
(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 $3,600 monthly to you and your heirs eternally. The contract currently sells for $437,000. 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.)
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Fundamentals of Corporate Finance
Authors: Richard Brealey, Stewart Myers, Alan Marcus
8th edition
77861620, 978-0077861629
