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A perpetuity has a P V of $ 4 0 , 0 0 0 . If the interest rate is 5 % , how much

A perpetuity has a PV of $40,000. If the interest rate is 5%, how much will the perpetuity pay every year?
A. $1,000
B. $1,600
C. $2,000
D. $1,200
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