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NW Insurance has reached out to Jillian Sanchez with a proposal on a perpetual annuity contract which will pay $2,800 monthly. If the contract currently

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NW Insurance has reached out to Jillian Sanchez with a proposal on a perpetual annuity contract which will pay $2,800 monthly. If the contract currently sells for $420,000, what is the monthly return on this investment %? RESPONSE SHOULD BE TWO DECIMAL PLACES, FOR EXAMPLE O.XX What is the Annual Percentage Rate %? ANSWER SHOULD BE O.XX What is the effective annual return %? ANSWER SHOULD BE O.XX

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