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What's the present value of a perpetuity that pays $3,000 per year if the appropriate interest rate is 5%? a. $47,400.00 b. $63,000.00 c. $71,400.00

What's the present value of a perpetuity that pays $3,000 per year if the appropriate interest rate is 5%? a. $47,400.00 b. $63,000.00 c. $71,400.00 d. $55,200.00 e. $60,000.00

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