Question: Next year you will begin receiving $ 1 5 2 dollars per year in perpetuity from your grandparent's family trust fund ( first payment is

Next year you will begin receiving $152 dollars per year in perpetuity from your grandparent's family trust fund (first payment is exactly 1 year from today). What is the present value today of these future cash flows if you discount them at 6.3%?(Hint: draw a time line to illustrate exactly the cash flows for this problem.) Answer to 2 decimal points.

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