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please explain details, thank you Question 7.20 A perpetuity makes continuous payments at a rate of $50 per year. The annual continuously compounded interest rate

please explain details, thank you

Question 7.20 A perpetuity makes continuous payments at a rate of $50 per year. The annual continuously compounded interest rate is 7%. Calculate the present value of the perpetuity. A 665.72 B 689.58 C 695.72 D 714.29 E 739.00

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