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Eternity Insurance is selling a perpetuity contract that pays $1,200 monthly. The contract currently sells for $78,000. a. Calculate the monthly rate of return on

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Eternity Insurance is selling a perpetuity contract that pays $1,200 monthly. The contract currently sells for $78,000. a. Calculate the monthly rate of return on this investment. b. Calculate the APR. c. Calculate the effective annual rate

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