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Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,250 monthly. The contract currently sells for $64,000. a. What is the monthly
| Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,250 monthly. The contract currently sells for $64,000. |
| a. | What is the monthly return on this investment vehicle? |
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| b. | What is the APR? |
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| c. | What is the effective annual rate? |
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Corporate Finance Investment And Advisory Applications
Authors: Jesse McDougall, Patrick Boyle
1st Edition
1530116597, 9781530116591
