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What's the present value of a perpetuity that pays $3,300 per year if the appropriate interest rate is 5%? a. 566,600 b. $66,900 c. $65,700

What's the present value of a perpetuity that pays $3,300 per year if the appropriate interest rate is 5%?

a. 566,600

b. $66,900

c. $65,700

d. $66,000

e. $66,300

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