Question: A perpetuity will pay $ 7 3 6 per year, starting five years after the perpetuity is purchased. ( The first payment is precisely 5

A perpetuity will pay $736 per year, starting five years after the perpetuity is purchased. (The first payment is precisely 5 years after purchase.) What is the present value (PV) of this perpetuity on the date that it is purchased, given that the interest rate is 9%?

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