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18. What is the present value of a perpetuity that pays $25,000 per year if the appropriate interest rate is 8%? [Present Value of a

18. What is the present value of a perpetuity that pays $25,000 per year if the appropriate interest rate is 8%? [Present Value of a Perpetuity = PMT/U] Select one: O a. $1,325,000.00 O b. $476,750.00 O c. $376,000.00 Od. $312,500.00 e. $224,450.00

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