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Need help to answer this question please!! on 5 Question 4 (of 5) value 2.00 points Maybepay Life Insurance Co. is selling a perpetual annuity
Need help to answer this question please!!
on 5 Question 4 (of 5) value 2.00 points Maybepay Life Insurance Co. is selling a perpetual annuity contract that pays $2,500 monthly The contract currently sells for $265,000 Requirement 1: What is the monthly return on this investment vehicle? (Round your answer as directed, but do not use rounded numbers in intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g, 32.16).) Monthly retur Requirement 2: What is the APR? (Round your answer as directed, but do not use rounded numbers in intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16)) Annual percentage rate% What is the effective annual return? (Round your answer as directed, but do not use rounded numbers in intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g. 32.16)) Eftective annual return References eBook & Resources tinkedin Profile Ch. .pdExtra Credit Assig...docx O Type here to search Step by Step Solution
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