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Answered
The standard error of the difference is equal to the standard error of the difference .
Calculate the present value of a perpetuity that will pay out $7,500 every six months. The first payment will be made four years from now. The interest rate earned is 8.6% compounded semi-annually.
A) $174,419 B) $129,898 C) $124,543 D) $119,563 E) $104,826