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What annual payment must you receive in order to earn a 6.5% rate of return on a perpetuity that has a cost of $1,250? Group

  1. What annual payment must you receive in order to earn a 6.5% rate of return on a perpetuity that has a cost of $1,250?

Group of answer choices

$85.31

$77.19

$89.58

$81.25

$94.06

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