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2 Saved Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,100 monthly The contract currently sells for $107000. What is the monthly return on this investment vehicle? (Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) a. 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.) 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.) c. a. Monthly returm b. APR c. EAR 1.02% 12.33