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What is the present value of payments of $10,000 per year in perpetuity at an annual interest rate of 1 percent with a payment at
What is the present value of payments of $10,000 per year in perpetuity at an annual interest rate of 1 percent with a payment at the beginning of each year? Assume the first payment of the perpetuity starts immediately
a.
$11,000
b.
$1,100,000
c.
$1,010,000
d.
$100,000
e.
None of these options
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