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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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