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What is the PV of a perpetuity paying $40 each month, beginning next month, if the annual interest rate is a constant effective (APY 11.572%

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What is the PV of a perpetuity paying $40 each month, beginning next month, if the annual interest rate is a constant effective (APY 11.572% per year?. Hint: find the monthly APR and then estimate the value of the perpetuity. $363.63 $480.00 $4,147.94 $4,363.59 $4,800

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