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If you borrow $34,000 at 4.2% for your new SUV for four years, what are your monthly payments? A perpetuity is A) an infinite series
If you borrow $34,000 at 4.2% for your new SUV for four years, what are your monthly payments?
A perpetuity is
| A) an infinite series of equal payments |
| B) an infinite series of unequal payments |
| C) a finite series of equal payments where the first cash flow comes at the beginning of the first year |
| D) a finite series of unequal payments where the first cash flow comes at the end of the first year. |
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