Pete has purchased a perpetuity. That perpetuity will pay $1,500 per year, starting 7 years from now.

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Pete has purchased a perpetuity. That perpetuity will pay $1,500 per year, starting 7 years from now. What is the present value (PV) of this perpetuity, given that the interest rate is 5.0% (APR)?

Posted Date: May 19, 2024 05:09 PM

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Pete has purchased a perpetuity. That perpetuity will pay $1,500 per year, starting 7 years from now.

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