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1. What is the present value of a perpetuity making quarterly payments in arrears in the amount of $9,650 per quarter, and the appropriate annual rate of interest is 10.5%?

2. Greg created a trust last year with the income going to him for the next five years and then the asset going to his son, Luke. When asked why, he said "it would get the asset out of his estate." You replied with and why…

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92800749

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