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Live Forever Life Insurance Company is selling a perpetuity contract that pays $1,100 monthly. The contract currently sells for $61,000. a. What is the monthly
| Live Forever Life Insurance Company is selling a perpetuity contract that pays $1,100 monthly. The contract currently sells for $61,000. |
| 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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F For Quantitative Finance
Authors: Johan Astborg
1st Edition
1782164626, 978-1782164623
