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HW 3E Question 1 This set of problems is designed to be calculated using the Excel or financial calculator . You can also use algebraic

HW 3E

Question 1

This set of problems is designed to be calculated using the Excel or financial calculator. You can also use algebraic formulas. Do not use financial tables to calculate these problems.

What is the present value of a $536 perpetuity discounted back to the present at 13.84 percent.

The answer should be calculated to two decimal places.

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