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use formulas if possible Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,150 monthly. The contract currently sells for $63,000. a.

image text in transcribeduse formulas if possible

Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,150 monthly. The contract currently sells for $63,000. a. What is the monthly return on this investment vehicle? 1.83% b. What is the APR? 21.90% c. What is the effective annual rate

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