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Q: Determine the present value of an annuity which pays out $10 000 at the end of each year in perpetuity if the interest rate

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Q: Determine the present value of an annuity which pays out $10 000 at the end of each year in perpetuity if the interest rate is 4% compounded annually. a. $320 000 b. $300 000 c. $270 000 d. $250 000

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