Question: (1 point) A perpetuity will make annual payments, the first 5 years from now, following the sequence 1300, 1400, 1500, ... If the effective rate

(1 point) A perpetuity will make annual payments, the first 5

(1 point) A perpetuity will make annual payments, the first 5 years from now, following the sequence 1300, 1400, 1500, ... If the effective rate of interest is 8.9 percent, what is the present value? Answer = dollars

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