Question: Please write out steps. No excel. Question 7.02 A perpetuity makes quarterly payments of 45. The next payment will be made in two months. The

Please write out steps. No excel.

Question 7.02 A perpetuity makes quarterly payments of 45. The next payment will be made in two months. The quarterly effective interest rate is 3%. Calculate the present value of the perpetuity. A 1,485.29 B 1,500.00 C 1,511.13 D 1,514.85 E 1,529.85

Question 7.02 A perpetuity makes quarterly payments of 45 . The next payment will be made in two months. The quarterly effective interest rate is 3%. Calculate the present value of the perpetuity. A 1,485.29 B 1,500.00 C 1,511.13 D 1,514.85 E 1,529.85

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