Question: A perpetuity will pay $1.577 per year, starting two years after the perpetuity is purchased. What is the present value (PV) of this perpetuity on

A perpetuity will pay $1.577 per year, starting two years after the perpetuity is purchased. What is the present value (PV) of this perpetuity on the date that it is purchased, given that the interest rate is 7%? Round your answer to the nearest dollar($). 21.055

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