Question: ( Related to Checkpoint 6 . 4 ) ( Present value of a perpetuity ) What is the present value of a $ 3 ,

(Related to Checkpoint 6.4)(Present value of a perpetuity) What is the present value of a $3,500 perpetuity discounted back to the present at 11 percent?
The present value of the perpetuity is $,(Round to the nearest cent.)
(Related to Checkpoint 6.4)(Present value of a perpetuity) What is the

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