Question: A perpetuity will pay $ 700 peryear, starting five years after the perpetuity is purchased. What is the present value(PV) of this perpetuity on the

A perpetuity will pay $ 700 peryear, starting five years after the perpetuity is purchased. What is the present value(PV) of this perpetuity on the date that it ispurchased, given that the interest rate is 10%?

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