A perpetuity pays $3900 at the end of every month for 11 months of each year. At

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A perpetuity pays $3900 at the end of every month for 11 months of each year. At the end of the 12th month of each year, it pays double that amount. If the effective ANNUAL rate is 10.5%, what is the present value of this perpetual annuity?

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Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

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Posted Date: Mar 05, 2024 12:17 AM

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A perpetuity pays $3900 at the end of every month for 11 months of each year. At

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Principles of Finance

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