Question: I keep getting 41,715.35 but that is not correct. Problem 6-50 Calculating Present Value of a Perpetuity [LO1] Given a discount rate of 4.8 percent

I keep getting 41,715.35 but that is not correct. Problem 6-50

I keep getting 41,715.35 but that is not correct.

Problem 6-50 Calculating Present Value of a Perpetuity [LO1] Given a discount rate of 4.8 percent per year, what is the value at Date t = 10 of a perpetual stream of $3,200 payments with the first payment at Date t = 20? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Perpetuity value

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