You have just made your first $3,000 contribution to your retirement account. Assuming you earn an 12 percent rate of return and make no additional contributions. Required: (a)What will your account be worth when you retire in 35 years? (Click to select) (b)What will your account be worth if you wait 9 years before contributing? (Click to select) Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,400 monthly. The contract currently sells for $69,000. Required: (a)What is the monthly return on this investment vehicle? Click to select) v (b) What is the APR? (Do not round your intermediate calculations.) (Click to select) (c) What is the effective annual rate? (Do not round your intermediate calculations.) (Click to select)