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what uw the effective annual rate? 4 Live Forever Life Insurance Co. Is selling a perpetuity contract that pays $1,200 monthly The contract currently sells

image text in transcribed what uw the effective annual rate?
4 Live Forever Life Insurance Co. Is selling a perpetuity contract that pays $1,200 monthly The contract currently sells for $68,000. a. What is the monthly return on this investment vehicle? b. What is the APR

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