Question: A perpetuity will pay $ 8 0 0 per year, starting five years after the perpetuity is purchased. What is the present value ( PV

A perpetuity will pay $800 per year, starting five 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 11%?
A. $2,396
B. $3,833
C. $2,875
D. $4,791
A perpetuity will pay $800 per year, starting five years after

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