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Find the present value of the following perpetuity. Perpetuity Payment Made At: Payment Period Interest Rate Conversion Period $2,400 end 1 year 11.8% semi-annually The
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Find the present value of the following perpetuity.
Perpetuity Payment | Made At: | Payment Period | Interest Rate | Conversion Period |
$2,400 | end | 1 year | 11.8% | semi-annually |
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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