Question: 18. With a 6 per cent rate, what is the present value of $6,500 per year forever, with the first payment 5 years from today.

18. With a 6 per cent rate, what is the present value of $6,500 per year forever, with the first payment 5 years from today.

  1. $85,810
  2. $108,333
  3. $121,250
  4. $107,800

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