Find the present value of perpetuity that pays per year


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

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Finance Basics: Find the present value of perpetuity that pays per year
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