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Compute the present value of a perpetuity

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Question 1: If money is worth 10% compounded monthly, compute the present value of a perpetuity of 2.500 payable quarterly.

Question 2: To maintain a bridge. 3,000 will be required at the end of 6 months and monthly thereafter. If money is worth 5% compounded monthly, find the present value.

Reference no: EM133219764

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