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Find the present value of the following perpetuity. Perpetuity Payment $1,200 Made At: beginning Payment Period 1 year Interest Rate 4.1% Conversion Period monthly The

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Find the present value of the following perpetuity. Perpetuity Payment $1,200 Made At: beginning Payment Period 1 year Interest Rate 4.1% Conversion Period monthly The present value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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