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please answer using excel and explain 13) Calculate the present value of a perpetuity with a $6.50 payment per year and a 6.5% annual interest

please answer using excel and explain image text in transcribed

13) Calculate the present value of a perpetuity with a $6.50 payment per year and a 6.5% annual interest rate. To calculate the present value of a perpetuity, you just divide the payment by the interest rate. Therefore, the present value would be

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