Question: Next year you will begin receiving $173 per year in perpetuity from a family trust fund (first payment is exactly 1 year from today). You

Next year you will begin receiving $173 per year in perpetuity from a family trust fund (first payment is exactly 1 year from today). You have decided to discount these cash flowsat a constant interest rate of 5.8%. What is the present value today of these future cash flows? (Hint: draw a time line to illustrate exactly the cash flows for this problem.)Answer to 2 decimal places.

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