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What is the present value of a perpetuity consisting of equal payments of $ 7 5 every 6 months, where the first payment occurs 6

What is the present value of a perpetuity consisting of equal payments of $75 every 6 months, where the first payment occurs 6 months from now, and the interest rate is 12% p.a.?
Question 2 Answer
a.
$67
b.
$1250
c.
$71
d.
$625

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