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Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,200 monthly. The contract currently sells for $76,000. a. What is the monthly

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Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,200 monthly. The contract currently sells for $76,000. a. What is the monthly return on this investment vehicle? 1.58% 63.33% 1.34% 1.82% 1.89% b. What is the APR? 18.95% 17.48% 17.05% 19.89% 20.84% c. What is the effective annual rate? 20.68% 19.65% 21.72% 22.75% 18.61%

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