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Which of the following statements is true of a perpetuity A perpetuity has a fixed maturity The present value of each payment made by a

Which of the following statements is true of a perpetuity

A perpetuity has a fixed maturity

The present value of each payment made by a perpetuity is less than the previous payment

The present value of a perpetuity that pays $100 every year when the annual rate of discount is 5% is $1,000

The present value of a perpetuity that pays $200 every year when the annual rate of discount is 7% is $1,750

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