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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 $2,700? Select

What annual payment must you receive in order to earn a 6.5% rate of return on a perpetuity that has a cost of $2,700?

Select the correct answer.

a. $179.50

b. $173.50

c. $171.50

d. $175.50

e. $177.50

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