Question
Live Forever Life Insurance Co. is selling a perpetuity contract that pays $2,136 monthly. The contract currently sells for $135,795. What is the APR on
Live Forever Life Insurance Co. is selling a perpetuity contract that pays $2,136 monthly. The contract currently sells for $135,795. What is the APR on this investment vehicle? (Enter your answer as a percentage, omit the "%" sign in your response, and round your answer to 2 decimal places. For example, 0.12345 or 12.345% should be entered as 12.35.)
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Finance And Economics Discussion Series Consumer Sentiment And The Stock Market
Authors: United States Federal Reserve Board, Mary Ward Otto
1st Edition
1288717822, 9781288717828
