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A perpetuity has a PV of $40,000. If the interest rate is 6%, how much will the perpetuity pay every year? A $600 B. $960

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A perpetuity has a PV of $40,000. If the interest rate is 6%, how much will the perpetuity pay every year? A $600 B. $960 C. $1200 D. $2,400

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