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2. A perpetuity makes payments at the end of each year following this pattern: X, 2X, 3X, X, 2X, 3X, X, ... At an effective

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2. A perpetuity makes payments at the end of each year following this pattern: X, 2X, 3X, X, 2X, 3X, X, ... At an effective annual rate of 5.4%, the present value of this perpetuity is 115,059. Calculate X. (A) 3107 (B) 3162 (C) 4750 (D) 5475 (E) 6332

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