Problem 6-23 Valuing Perpetuities (LO1] Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,800 monthly The contract currently sells for $121,000. a. What is the monthly return on this investment vehicle? (Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the APR? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) C. What is the effective annual return? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) % a. Monthly return b. APR % C. EAR %