luvpeaceandsocc9463 luvpeaceandsocc9463

08-07-2020
Business

contestada

Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,500 monthly. The contract currently sells for $115,000. What is the monthly return on this investment vehicle

Respuesta :

ewomazinoade ewomazinoade

09-07-2020

Answer:

1.3%

Explanation:

To find the monthly return , the formula is =

Interest payment/ present value

$15,000 / $115,000 = 0.013043 = 1.3%

I hope my answer helps you

Answer Link

Otras preguntas

There u go you're all set and there's more to come thank you so much

Other than hygiene give two reason for the low death rate from infectious diseases in modern hospitals

How does participating in an impact exercise such as jumping rope affect you?

Why can’t chemical changes be reversed? Explain your answer by giving an example.

How many sodium ions are needed to balance the charge of one phosphate ion

What two problems did many African Americans face

Give three reasons why it is difficult to fight computer crime

Malcolm describes Macbeth as Avaricious. Which is the best synonym for avaricious

Solve photo question. Mathematics. Please.

Based on his speech in act 3.2 of The Tragedy of Julius Caesar, which word does not describe Mark Antony? a. manipulative b. dramatic c. emotional d. calm