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What's the Present Value of a Perpetuity That Pays $3,000

Question 156

Multiple Choice

What's the present value of a perpetuity that pays $3,000 per year if the appropriate interest rate is 5%?

A) $60,000.00
B) $47,400.00
C) $71,400.00
D) $63,000.00
E) $55,200.00

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