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What is the present value of an investment that pays $150 every two years indefinitely, if the first payment starts two years from now? The

What is the present value of an investment that pays $150 every two years indefinitely, if the first payment starts two years from now? The effective monthly rate is 1 percent.

A. $556.17 B. $1182.96 C. $1573.96 D. $1675.14

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