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2. APR with Monthly Compounding Suppose that the interest rate is 8% APR with quarterly compounding. (a) What is the present value of $100 that

image text in transcribed 2. APR with Monthly Compounding Suppose that the interest rate is 8% APR with quarterly compounding. (a) What is the present value of $100 that will be paid three years from now? (b) What is the present value of a perpetuity that will pay $20 per quarter forever, starting a quarter from now

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