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B D G H Another bank pays $20 every 3 months as a perpetuity. The quoted annual rate on this investment option is 4%. What

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B D G H Another bank pays $20 every 3 months as a perpetuity. The quoted annual rate on this investment option is 4%. What is the present value of this perpetuity? Quarterly rate used in the bank's calculation Present value of perpetuity 7 8 9 10 41 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Table 2 Tables Table 4 Another bank pays $20 every 3 months as a perpetu - What is the present value of this perpetuity? B 4 Quarterly rate used in the bank's calculation 5 6 Present value of perpetuity 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 NNN

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