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? (Round your answer to 2 decimal places. [e. 32.16)) Monthly return % per month
What is the APR? (Do not round intermediate calculations and round your final answer to 2 decimal places (e.g., 32.16)) ARP %
What is effective annual return? (Do not round intermediate calculations and round your final answer decimal places. (e.g., 32.16)) Effective annual return %