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What is the monthly interest rate on this contract what is

May be pay Life Insurance Company is selling a annuity contract for $70,000. The contract will make monthly payments of $350 for the next 35 years.

1. What is the monthly interest rate on this contract?

2. What is the APR?

3. What is the effective annual return?

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Accounting Basics: What is the monthly interest rate on this contract what is

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Accounting Basics: What is the monthly interest rate on this contract what is

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