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14. Which of the following are Characteristics of all perpe tuities! I. The present value is equal to the first payment divided by the annual

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14. Which of the following are Characteristics of all perpe tuities! I. The present value is equal to the first payment divided by the annual effective interest rate. II. I the interest Payments Each earned continue payment is on the for ever. equal to principal. A. I only B. I only c II only D. I,II, in E none

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