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1 What's the present value of a perpetuity of 1 , 0 0 0 payable semiannua / b / c / ally if money is

1 What's the present value of a perpetuity of 1,000 payable semiannua / b / c / ally if money is worth 6% compounded monthly and the first payment is due 3 years from now?
(a)26,683.33
(b)28,344.32
(c)24,356.54
(d)29,092.13
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