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What is the present value of a perpetuity of $50,000 received at the end of each year when the interest rate is 6% per annum

What is the present value of a perpetuity of $50,000 received at the end of each year when the interest rate is 6% per annum and the growth rate is 2%? Select one: $1,074,109 $679,516 $1,250,000 $864,602

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