value 10.00 points Gledhow Life Insurance Co. is selling a perpetuity contract that pays $1,500 monthly. The contract currently sells for $115,000 What is the monthly return on this investment vehicle? (Round the final answer to 2 decimal places.) Monthly return % per mont What is the monthly compounded APR? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Monthly compounded APR What is the effective annual return? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Effective annual return References eBook & Resources Type here to search