Question: A security pays $700 every 5 years forever. The appropriate discount rate is 3% per year. The first payment is made in 5 years. Attempt

A security pays $700 every 5 years forever. The appropriate discount rate is 3% per year. The first payment is made in 5 years. Attempt 1/2 for 10 pts Part 1 What is the value of the security? + decimals

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