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Item $5$

Live Forever Insurance Company is selling a perpetual annuity contract that pays $$2,700$ monthly. The contract currently sells for $$329,000.$

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$.,32\mathrm{.}16.$

What is the APR?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

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$.,32\mathrm{.}16.$

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