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Live Forever Insurance Company is selling a perpetual annuity contract that pays $4,100 monthly. The contract currently sells for $344,000. a. What is the

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Live Forever Insurance Company is selling a perpetual annuity contract that pays $4,100 monthly. The contract currently sells for $344,000. 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 places, e.g., 32.16. a. Monthly return b. Annual percentage rate c. Effective annual return % % %

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