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prob 6-1 Live Forever Life Insurance Company is selling a perpetuity contract that pays $1,250 monthly. The contract currently sells for $68,000. a. What is

prob 6-1

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Live Forever Life Insurance Company is selling a perpetuity contract that pays $1,250 monthly. The contract currently sells for $68,000. a. What is the monthly return on this investment vehicle? Monthly return b. What is the APR? APR c. What is the effective annual rate? EAR

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