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Using a financial calculator Eternity Insurance is selling a perpetuity contract that pays $1.400 monthly. The contract currently sells for $79,000 a. Calculate the monthly

Using a financial calculator

Eternity Insurance is selling a perpetuity contract that pays $1.400 monthly. The contract currently sells for $79,000 a. Calculate the monthly rate of return on this investment b. Calculate the APR. c. Calculate the effective annual rate

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