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9.What is the present value of a perpetuity that pays $54 annually and has an annual rate of return of 15%? 10.What is the present

9.What is the present value of a perpetuity that pays $54 annually and has an annual rate of return of 15%?

10.What is the present value of an investment that pays $124 at the end of year 1, $76 at the year of year 2, and $235 at the end of year 3 if this investment earns 8% annually

11.An account pays 20% annual interest compounded monthly. What is the effective interest rate on this account?

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