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live forever life insurance co. is selling a perpetuity contract that pays $1,500 monthly. The contract currently sells for $66,000. (a) what is the monthly

live forever life insurance co. is selling a perpetuity contract that pays $1,500 monthly. The contract currently sells for $66,000. (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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