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7. Present Value of a Perpetuity What's the present value, when interest rates are 6.50 percent, of a $200 payment made every year forever? $13.00

7. Present Value of a Perpetuity What's the present value, when interest rates are 6.50 percent, of a $200 payment made every year forever?

$13.00
$2,000.00
$1,300.00
$3,076.92

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