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Maybepay Life Insurance Co. is selling a perpetual annuity contract that pays $3,000 monthly. The contract currently sells for $326,000. What is the monthly return

Maybepay Life Insurance Co. is selling a perpetual annuity contract that pays $3,000 monthly. The contract currently sells for $326,000.

What is the monthly return on this investment vehicle?

What is the APR?

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