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question 1 & 2 pls, thanks Undying Life Insurance Company offers an investment policy that will pay you and your heirs $50.000 per year forever.

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question 1 & 2 pls, thanks
Undying Life Insurance Company offers an investment policy that will pay you and your heirs $50.000 per year forever. Suppose the company told you the policy costs $916,305, At what interest rate would this be a fair deal? (Do not include the percent sign (%) Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places leg. 32.16)) You want to buy a new pickup for $55.195, and the finance office at the dealership has quoted you an 8.4% APR loan for 4 years of monthly payments. What is the effective annual rate on this loan? (Do not include the percent sign (%). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (eg 32.16))

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