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A perpetuity- immediate will make quarterly payments of 45. Please solve by Hand writing. Thank you Question 7.11 A perpetuity-immediate will make quarterly payments of
A perpetuity- immediate will make quarterly payments of 45.
Please solve by Hand writing. Thank you
Question 7.11 A perpetuity-immediate will make quarterly payments of 45 . The next payment will be made in three months. The quarterly effective interest rate is 3%. A perpetuity-due will make monthly payments of X. The next payment will be made immediately. The present value of the perpetuity-immediate is equal to the present value of the perpetuity-due. Calculate X. A 3.70 B 11.04 C 14.71 D 14.85 E 43.69Step by Step Solution
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