Given an interest rate of 5.75 percent per year, what is the value at Year 7 of

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Given an interest rate of 5.75 percent per year, what is the value at Year 7 of a perpetual stream of $5,000 payments that begin at Year 20?

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Essentials of Corporate Finance

ISBN: 978-0078034756

8th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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