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Maybepay Life Insurance Co. is selling a perpetual annuity contract that pays $3,400 monthly. The contract currently sells for $337,000. What is the monthly return

Maybepay Life Insurance Co. is selling a perpetual annuity contract that pays $3,400 monthly. The contract currently sells for $337,000. What is the monthly return on this investment vehicle? What is the APR? Effective annual return

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