What is the monthly return on this investment vehicle

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Reference no: EM132021972

Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,500 monthly. The contract currently sells for $67,000. Required: (a) What is the monthly return on this investment vehicle? (b) What is the APR? (Do not round your intermediate calculations.) (c) What is the effective annual rate? (Do not round your intermediate calculations.

Reference no: EM132021972

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