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Mo will receive a perpetuity of $26,000 per year forever. If the interest rate is 7 percent, how much are Mo's payments worth today? $345,429

Mo will receive a perpetuity of $26,000 per year forever. If the interest rate is 7 percent, how much are Mo's payments worth today? $345,429 $260,000 $371,429 $397,429 $182,000

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