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A perpetuity pays $550 at the end of every month. The PV of the perpetuity is $36,000. What is the monthly periodic rate on the

A perpetuity pays $550 at the end of every month. The PV of the perpetuity is $36,000. What is the monthly periodic rate on the perpetuity? OA. 2.04% OB, 1.62% OC. 3.25% OD, 1.85% OE, 1.53%

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