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What is the present value of a perpetuity of $1,100 per year at a discount rate of 7% per year? a) $14,686 b) $16,814 c)

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What is the present value of a perpetuity of $1,100 per year at a discount rate of 7% per year? a) $14,686 b) $16,814 c) $15,714 d) $7,700 e) The present value of this perpetuity is infinitely large

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