ducation.com/flow/connect.html?returnUrl=https%3A%2F%2Fconnect.mheducation.com%2Fpaamweb Seved Help Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1.200 monthly The contract currently sells for $62,000 a. What is the monthly return on this investment vehicle? 19499 b. What is the APR? 23238 c. What is the effective annual rate? 2586% Saved Help You are planning to save for retirement over the next 25 years. To do this, you will invest $1.000 a month in a stock account and $700 a month in a bond account. The return of the stock account is expected to be 9 percent, and the bond account will pay 4 percent. When you retire, you will combine your money into an account with a return of 7 percent How much can you withdraw each month from your account assuming a 25-year withdrawal period? Multiple Choice $10,467.49 0 $519,676 25 0 $10,258.14 0 0 $10,676.84 $125,609.87 0 ducation.com/flow/connect.html?returnUrl=https%3A%2F%2Fconnect.mheducation.com%2Fpaamweb Seved Help Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1.200 monthly The contract currently sells for $62,000 a. What is the monthly return on this investment vehicle? 19499 b. What is the APR? 23238 c. What is the effective annual rate? 2586% Saved Help You are planning to save for retirement over the next 25 years. To do this, you will invest $1.000 a month in a stock account and $700 a month in a bond account. The return of the stock account is expected to be 9 percent, and the bond account will pay 4 percent. When you retire, you will combine your money into an account with a return of 7 percent How much can you withdraw each month from your account assuming a 25-year withdrawal period? Multiple Choice $10,467.49 0 $519,676 25 0 $10,258.14 0 0 $10,676.84 $125,609.87 0