Present value of perpetuity

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1. Present Value of a Perpetuity What's the present value, when interest rates are 6.70 percent, of a $120 payment made every year forever?

$804.00

$8.04

$1,791.04

$1,200.00

2. Five Years Future Value What is the future value of $20,000 deposited for five years earning 5% interest rate annually?

$25,526

$45,526

$5,526

$20,000

Reference no: EM131927092

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