Using a discount rate of 9.6% APR, compounded monthly, calculate the present value of a monthly perpetuity con - sisting of $5200 payments if: (a) the first payment is made today (2 pts.), (b) the first payment is made one month from now (2 pts.), and (c) the first payment is made 42 months from now (2 pts.). [For part c, you want to be sure to master the two paragraphs in Lesson 2 about delayed perpetuities.]
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