Live forever life insurance co is selling a perpetuity


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 %

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Financial Management: Live forever life insurance co is selling a perpetuity
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