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Calculate the present value of a monthly perpetuity payment

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Question - Using a discount rate of 4.8% APR, compounded monthly, calculate the present value of a monthly perpetuity payment of $5250 if: (a) the first payment is made one month from now, (b) the first payment is made today, and (c) the first payment is made 30 months from now.

Reference no: EM132884299

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