Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing


  • 3 years ago

Live Forever Life Insurance Co. is selling a perpetuity contract that pays $900 monthly. The contract currently sells for $62,000. The monthly return on this investment is? I got 1.45% and I got 75.4% for the APR. What is the effective annual rate

  • This Question is Closed

    Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy