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How long will it take $50,000 placed in a savings account at 10% interest to grow into $75,000?


A) 4.25 years
B) 3.25 years
C) 5.25 years
D) 6.25 years

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Which of the following statements regarding perpetuities is FALSE?


A) To find the value of a perpetuity by discounting one cash flow at a time would take forever.
B) A perpetuity is a stream of equal cash flows that occurs at regular intervals and lasts forever.
C) PV of a perpetuity = Which of the following statements regarding perpetuities is FALSE? A)  To find the value of a perpetuity by discounting one cash flow at a time would take forever. B)  A perpetuity is a stream of equal cash flows that occurs at regular intervals and lasts forever. C)  PV of a perpetuity =   D)  One example of a perpetuity is the British government bond called a consol.
D) One example of a perpetuity is the British government bond called a consol.

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