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how to work this out step by step ? 4) A perpetuity starts in three year with a 210,000 payment every year. What is the

how to work this out step by step ?
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4) A perpetuity starts in three year with a 210,000 payment every year. What is the present value if annual interest rate is 12 per cent? A) 840,000 B) 354,911 C) 1,750,000 D) None of the above

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