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Eternity Insurance is selling a perpetuity contract that pays $1,050 monthly. The contract currently sells for $61,000. a. Calculate the monthly rate of return on
| Eternity Insurance is selling a perpetuity contract that pays $1,050 monthly. The contract currently sells for $61,000. |
| a. | Calculate the monthly rate of return on this investment. |
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| b. | Calculate the APR. |
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| c. | Calculate the effective annual rate. |
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The Ages Of The Investor A Critical Look At Life Cycle Investing
Authors: William J Bernstein
1st Edition
1478227133, 978-1478227137
