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8. (PV perpetuity, finding r ) A fund of $10,000 is set up to pay $250 at the end of each year indefinitely. What is

8. (PV perpetuity, finding r ) A fund of $10,000 is set up to pay $250 at the end of each year indefinitely. What is the fund's rate? (There's no Excel function that answers this question-use some logic!) (3 points)

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