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  3. a perpetuity makes continuous payments. at time t,

A perpetuity makes continuous payments. At time t, the perpetuity pays at an annual rate...

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Accounting

A perpetuity makes continuous payments. At time t, the perpetuity pays at an annual rate of 3t. Time is measured in years.
At an annual effective interest rate of 5%, calculate the present value of the perpetuity.
1,141.24
1,229.76
1,259.25
1,260.25
1,291.24
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