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(2) An investor recieves a serious of payements, fach amounting to $4,500 set to be recieved in perpetuity. Payments are to be made at the

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(2) An investor recieves a serious of payements, fach amounting to $4,500 set to be recieved in perpetuity. Payments are to be made at the end of each year, starting at the end of Year 4. If the discount rate is 9%, what is the present the perpetuity to day ? value of

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