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A perpetuity will make payments of $100,000 every third year, with the first payment occurring three years from now. The annual nominal interest rate convertible
A perpetuity will make payments of $100,000 every third year, with the first payment occurring three years from now. The annual nominal interest rate convertible quarterly is 8%. Find the present value of this perpetuity.
(I did this problem, just want to check if I did it correctly because the answer doesn't look right to me, not sure what I did incorrectly, I got PV = 372,800.47)
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