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Murtuza has an investment worth 68,000 dollars. The investment will make regular, fixed quarterly payments of 2,700 dollars to Bob forever with the first regular payment expected in 3 months from

Murtuza has an investment worth 68,000 dollars. The investment will make regular, fixed quarterly payments of 2,700 dollars to Bob forever with the first regular payment expected in 3 months from today. What is the expected quarterly return for the investment? Answer as a quarterly rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.

Jul 14 2021 View more View Less

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