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What is the present value of a perpetuity that pays you annual, end-of-year payments of $550 every year? Use a nominal rate of 8.00%. O

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What is the present value of a perpetuity that pays you annual, end-of-year payments of $550 every year? Use a nominal rate of 8.00%. O $6.875 O $6,418 $4.327 O $6,326 0 $4,825

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