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The price of a 'perpetuity' where the annual amount of $21,000 is paid out forever, given the interest rate of 12% is: Select one: a.$23,520

The price of a 'perpetuity' where the annual amount of $21,000 is paid out forever, given the interest rate of 12% is:

Select one:

a.$23,520

b.Unable to determine as the term is infinite

c.$200,000

d.$175,000

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