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Find the present value of the following perpetuity. Perpetuity Made Payment Interest Payment At: Period Rate $400 beginning 1 month 8.3% Conversion Period quarterly The

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Find the present value of the following perpetuity. Perpetuity Made Payment Interest Payment At: Period Rate $400 beginning 1 month 8.3% Conversion Period quarterly The present value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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