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Live Forever Life Insurance is selling a perpetuity contract that pays $1500 a month. The contract sells for $115,000. a) Whats the monthly return of

Live Forever Life Insurance is selling a perpetuity contract that pays $1500 a month. The contract sells for $115,000. a) Whats the monthly return of this contract? b) Whats the APR? c) Whats the Effective Annual Return (EAR)?

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