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Find the present value of the following perpetuity. Perpetuity Payment Made At: Payment Period Interest Rate Conversion Period $430 beginning 1 month 5.3% annually Find
Find the present value of the following perpetuity.
Perpetuity Payment | Made At: | Payment Period | Interest Rate | Conversion Period |
$430 | beginning | 1 month | 5.3% | annually |
Find the present value. Do not approximate the answer.
The present value is
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