Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,400 monthly. The contract currently sells for $113,000. |
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What is the monthly return on this investment vehicle? (Round your answer to 2 decimal places. (e.g., 32.16)) |
What is the APR? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
What is the effective annual return? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
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