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Maybepay Life Insurance Co. is selling a perpetual annuity contract that pays $3,800 monthly. The contract currently sells for $341,000.What is the monthly return on

Maybepay Life Insurance Co. is selling a perpetual annuity contract that pays $3,800 monthly. The contract currently sells for $341,000.What is the monthly return on this investment vehicle?What is the APR? What is the effective annual return?

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