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(10 points) The present value of a perpetuity paying 1 at the end of every 5 years is 0.46. Find the annual effective rate of

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(10 points) The present value of a perpetuity paying 1 at the end of every 5 years is 0.46. Find the annual effective rate of interest i. A. 6.5% B. 31.18% C. 29.7% D. 21.65% E. 25.99%

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