Find the value of the constant monthly cash flow

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Problem 1: An investment costing $65,000 has a rate of return 12.75 percent and generates a constant monthly cash flow in perpetuity. The first monthly cash flow is paid immediately. Find the value of the constant monthly cash flow. Round your answer to the nearest one-hundredth percentage point. For example, write 1125.34 for $1,125.34.

Reference no: EM132743017

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