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Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,300 monthly. The contract currently sells for $66,000. Required: (a)What is the monthly

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Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,300 monthly. The contract currently sells for $66,000. Required: (a)What is the monthly return on this investment vehicle? (Click to select) (b)What is the APR? (Do not round your intermediate calculations.) (Click to select) (c) What is the effective annual rate? (Do not round your intermediate calculations.) (Click to select)

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