Question: Problem 6-50 Calculating Present Value of a Perpetuity (L01) Given a discount rate of 4.4 percent per year, what is the value at Date 1

Problem 6-50 Calculating Present Value of a Perpetuity (L01) Given a discount rate of 4.4 percent per year, what is the value at Date 1 - 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., 32.16.) Answer is complete but not entirely correct. Perpetuity value $ 41,371.41

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