Question: Question 25 (10 points) A perpetuity will pay $1,025 per year, starting five years after the perpetuity is purchased. What is the present value of

Question 25 (10 points) A perpetuity will pay $1,025 per year,

Question 25 (10 points) A perpetuity will pay $1,025 per year, starting five years after the perpetuity is purchased. What is the present value of this perpetuity on the date that it is purchased, given that the interest rate is 9%. Show your work or inputs. I Ay

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