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QUESTION 6 The present value of a perpetuity-due with annual payments of size 1000 is 39610.04. Determine that annual effective interest rate for this scenario.

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QUESTION 6 The present value of a perpetuity-due with annual payments of size 1000 is 39610.04. Determine that annual effective interest rate for this scenario. Give your answer as a percentage rounded to four places (i.e. X.XXXX%). Do not include the percent sign in BlackBoard

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