What is the APR? (Do not round intermediate calculations and - 15610

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yousafbhutta

yousafbhutta

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  • Posted on: Sun 10 Mar, 2013
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Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,400 monthly. The contract currently sells for $113,000.

 

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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