Live Forever Insurance Company is selling a perpetual annuity contract that pays $ 2 , 4 0 0 monthly The contract currently sells for $ 3 3 2 , 0 0 0 A What is the monthly return on this investment vehicle B What is the APR C What is the effective annual return

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Live Forever Insurance Company is selling a perpetual annuity contract that pays $ 2 , 4 0 0 monthly. The contract currently sells for $

Live Forever Insurance Company is selling a perpetual annuity contract that pays $

2, 400

monthly. The contract currently sells for $

332, 000 .

.

What is the monthly return on this investment vehicle? B

.

What is the APR? C

.

What is the effective annual return?

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