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Compute the present value of a perpetuity-immediate that makes payments of 1000 every two years with the first payment due in 2 years if a.)

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Compute the present value of a perpetuity-immediate that makes payments of 1000 every two years with the first payment due in 2 years if a.) interest is earned at an annual effective rate of 7.75% b) the account earns a constant force of interest of 7% during odd-numbered years and 8% during even-numbered years

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