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Live Forever Life Insurance Company is selling a perpetuity contract that pays $ 1 , 5 5 0 monthly. The contract currently sells for $

Live Forever Life Insurance Company is selling a perpetuity contract that pays $

1, 550

monthly. The contract currently sells for $

72, 000 .

.

What is the monthly return on this investment vehicle?

.

What is the APR?

.

What is the effective annual rate?

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