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Find the present value of the following perpetuity Perpetuity Payment $2,400 Made At: end Payment Period Interest Rate 5.6% Conversion Period monthly 1 year The

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Find the present value of the following perpetuity Perpetuity Payment $2,400 Made At: end Payment Period Interest Rate 5.6% Conversion Period monthly 1 year 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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