Question: 3) A perpetuity will pay $350 per year beginning seven years from today. Given an interest rate of 5% EAR, what is the value of

3) A perpetuity will pay $350 per year beginning seven years from today. Given an interest rate of 5% EAR, what is the value of the perpetuity today? ________ Give the answer as a positive number. (Round to the nearest dollar)

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