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Maybepay Life Insurance Co. is selling a perpetual annuity contract that pays $2,500 monthly. The contract currently sells for $265,000. What is the monthly return
Maybepay Life Insurance Co. is selling a perpetual annuity contract that pays $2,500 monthly. The contract currently sells for $265,000. What is the monthly return on this investment vehicle? What is the APR? The effective annual return?
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