Whats the present value of a perpetuity that pays 3800 per

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What's the present value of a perpetuity that pays $3,800 per year if the appropriate interest rate is 5%?

i) $76,000.00
ii) $90,440.00
iii) $92,720.00
iv) $71,440.00
v) $63,840.00

Reference no: EM13567982

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