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A $50 perpetuity paid monthly has a present value of $7500 on the date of the first payment. What is the force of interest? Question
A $50 perpetuity paid monthly has a present value of $7500 on the date of the first payment.
What is the force of interest?
Question 4Select one:Select one:
A.
8.36%
B.
7.71%
C.
8.00%
D.
8.03%
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