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Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,300 monthly. The contract currently sells for $62,000. a. What is the monthly

Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,300 monthly. The contract currently sells for $62,000. a. What is the monthly return on this investment vehicle? b. What is the APR? c. What is the effective annual rate?

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