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12. Happy Birthday! Your aunt Sarah has given you a perpetuity for your birthday. You will receive you first payment of $8000 one year from

12. Happy Birthday! Your aunt Sarah has given you a perpetuity for your birthday. You will receive you first payment of $8000 one year from today. If the interest rate is 1,00%, what is the present value of your birthday gift? a. $4000 b. $6000 c. $7000 * d. $8000

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