Question: please explain by steps, dont use MS excel. thank you b. The present value as of today of a perpetuity that pays 300 at the

please explain by steps, dont use MS excel. thank you

b. The present value as of today of a perpetuity that pays 300 at the end of every three years, beginning at the end of year 6. The annual effective interest rate is 7.2%. (5 points)

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