Live Forever Life Insurance Co. sells a perpetuity contract that pays $1,550 per month. The contract is currently selling for $116,000.

What is the monthly return of this investment tool? (Enter your answer as a percentage, rounded to 2 decimal places, for example 32.16.)

monthly return    % her is

What is April? (Do not round up intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places, for example 32.16.)

NİSAN    %

What is the effective annual return? (Do not round up intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places, for example 32.16.)

Effective annual return    %

Answer rating: 100% (QA)

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