A perpetuity will make $1000 payments at the end of each year starting from year 5 (i.e.,

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A perpetuity will make $1000 payments at the end of each year starting from year 5 (i.e., first payment will occur at the end of year 5).If the discount rate is7%, what is the present value of this perpetuity?Round your answer to the nearest dollar; do not include the $ sign (i.e., if the answer is $8,300.3562, enter it as 8,300).

Posted Date: May 18, 2024 10:11 PM

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A perpetuity will make $1000 payments at the end of each year starting from year 5 (i.e.,

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