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Live Forever Life Insurance Company is selling a perpetuity contract that pays $1,250 monthly. The contract currently sells for $76,000. a. What is the monthly

Live Forever Life Insurance Company is selling a perpetuity contract that pays $1,250 monthly. The contract currently sells for $76,000.

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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