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Problem #4: A perpetuity pays $2100 at the end of every month for 11 months of each year. At the end of the 12 th

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Problem \#4: A perpetuity pays $2100 at the end of every month for 11 months of each year. At the end of the 12 th month of each year, it pays double that amount. If the effective ANNUAL rate is 11.6%, what is the present value of this perpetual annuity? Problem =4: Answer correct to 2 decimals

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