Question: Penny will receive $ 2 , 0 0 0 per year forever from her local bank when the prevailing interest rate is 7 percent. The

Penny will receive $2,000 per year forever from her local bank when the prevailing interest rate is 7 percent. The peesent value of that income stram is apporsinathly 100.087.
520,000.
428,571.
$62,472.
Penny will receive $ 2 , 0 0 0 per year forever

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