Brodie receives $700 every 12 months forever, starting 16 months from today. If his stated annual interest rate is 13% compounded monthly, what is the present value of this perpetuity?

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answerblank(1) starts; blank(2); // cash cows;

answer: b. false

the staff is a set of five horizontal lines and four spaces which represent a different musical pitch. the lines and the spaces are numbered from bottom to top, the bottom line is the first line and the fifth line is the line on the top. the notes on the top of the staff (fifth line) have a higher pitch than a note at the bottom of the staff.