Calculating Present Value of a Perpetuity Given an interest rate of 5.7 percent per year, .what is

Question:

Calculating Present Value of a Perpetuity Given an interest rate of 5.7 percent per year, .what is the value at date t = 7 of a perpetual stream of $5,000 payments that begins at date t = 15?

Perpetuity
Perpetuity refers to payments that are made without an end or maturity date. A perpetuity is classified as an annuity, which is something that earns a dividend or receives a payment at a regularly scheduled interval, generally yearly. So, how...