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Present Value of a Perpetuity What's the present value, when interest rates are 6.70 percent, of a $120 payment made every year forever? $804.00 $8.04

Present Value of a Perpetuity What's the present value, when interest rates are 6.70 percent, of a $120 payment made every year forever?

$804.00

$8.04

$1,791.04

$1,200.00

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