Live forever life insurance co is selling a perpetuity


Question: Live Forever 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? What is the APR? What is the effective annual return?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Live forever life insurance co is selling a perpetuity
Reference No:- TGS02400469

Now Priced at $10 (50% Discount)

Recommended (97%)

Rated (4.9/5)