Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,400 monthly. The contract currently sells for $113,000.

What is the monthly return on this investment vehicle? (Round your answer to 2 decimal places. (e.g., 32.16))

Monthly return

% per month

What is the APR? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

APR

%

What is the effective annual return? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Effective annual return

%