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28. Blake's offers a perpetuity that pays annual payments of $8,000. This contract sells for $75,000 today. What is the interest rate? a. 5.00 percent

28. Blake's offers a perpetuity that pays annual payments of $8,000. This contract sells for $75,000 today. What is the interest rate? a. 5.00 percent b. 8.75 percent c. 10.67 percent d. 16.50 percent e. 21.33 percent

Please break this down on a financial calculator for me, example: 75,000 PV, 8,000 PMT........ I am struggling to get the right sequence and answer!

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