2. A perpetuity pays $100 at the middle of the year and $200 at the end...
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2. A perpetuity pays $100 at the middle of the year and $200 at the end of the year. The first payment of $100 was made three months ago. At an annual effective rate of interest of 6%, what is the present value of the perpetuity, including the payment that has already been made? A. Less than 5100 B. At least 5100, but less than 5150 C. At least 5150, but less than 5200 D. At least 5200, but less than 5250 E. At least 5250 2. A perpetuity pays $100 at the middle of the year and $200 at the end of the year. The first payment of $100 was made three months ago. At an annual effective rate of interest of 6%, what is the present value of the perpetuity, including the payment that has already been made? A. Less than 5100 B. At least 5100, but less than 5150 C. At least 5150, but less than 5200 D. At least 5200, but less than 5250 E. At least 5250
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