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P6-42 (similar to) Question Help (Related to Checkpoint 6.4) (Present value of a perpetuity) What is the present value of a $1,500 perpetuity discounted back

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P6-42 (similar to) Question Help (Related to Checkpoint 6.4) (Present value of a perpetuity) What is the present value of a $1,500 perpetuity discounted back to the present at 11 percent? The present value of the perpetuity is $ (Round to the nearest cent.)

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