Problem $6-50$ Calculating Present Value of a Perpetuity $[$LO$1]$

Given a discount rate of $4\mathrm{.}4$ percent per year, what is the value at Date t $=10$ of a perpetual stream of $$2,800$ payments with the first payment at Date t $=20?($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$Problem $6-50$ Calculating Present Value of a Perpetuity $[$LO$1]$

Given a discount rate of $4\mathrm{.}4$ percent per year, what is the value at Date t $=10$ of a perpetual stream of $$2,800$ payments with the first payment at Date t $=20?($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$