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20- What is the present value of an investment that pays $200 every two years indefinitely, if the first payment starts a year from now?

20- What is the present value of an investment that pays $200 every two years indefinitely, if the first payment starts a year from now? The effective monthly rate is 1 percent. A. $556.17 B. $741.47 C. $835.51 D. $1,182.96

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