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Find the present value of the following perpetuity. Perpetuity Payment $2,800 Made At: end Payment Period 6 months Interest Rate 11.1% Conversion Period monthly The

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Find the present value of the following perpetuity. Perpetuity Payment $2,800 Made At: end Payment Period 6 months Interest Rate 11.1% Conversion Period monthly 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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