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What is the value of a perpetual annuity of $10 per year when the simple annual rate of interest is 10%? a. $10 b. $100
What is the value of a perpetual annuity of $10 per year when the simple annual rate of interest is 10%?
a. | $10 | |
b. | $100 | |
c. | $1,000 | |
d. | $10,000 |
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