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3. Your client is deciding between two investment choices: one that pays $100 per year in perpetuity, and another that pays $100 per year for

3. Your client is deciding between two investment choices: one that pays $100 per year in perpetuity, and another that pays $100 per year for 100 years. The current market interest rate for investments of similar risk is at 10% p.a. What is the present value of these two investments? Are they similar? Explain

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