(Solved): Live Forever Life Insurance Company is selling a perpetuity contract that pays $1,150 monthly. The c ...

Live Forever Life Insurance Company is selling a perpetuity contract that pays

monthly. The contract currently sells for

. a. What is the monthly return on this investment vehicle? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. b. What is the APR? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. c. What is the effective annual return? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. \table[[a. Monthly return,,