Live Forever Life Insurance Company is selling a perpetulty contract that pays $$1,950$

monthly. The contract currently sells for $$124,000.$

a$.$ What is the monthly return on thls investment vehicle? $($Do not round intermediate

calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$..$

$32\mathrm{.}16.)$

b$.$ What Is the APR? $($Do not round intermedlate calculations and enter your answer as

a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

c$.$ What is the effective annual return? $($Do not round intermediate calculations and

enter your answer as a percent rounded to $2$ decimal places, e$.$g$..3216.)$