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Question 3 Whats the present value of a perpetuity that pays $1,000 per month, with the first payment one month from today, if the appropriate

Question 3

Whats the present value of a perpetuity that pays $1,000 per month, with the first payment one month from today, if the appropriate monthly interest rate is 0.6%?

a. $142,857

b. $166,667

c. $200,000

d. $250,000

e. $333,333

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