Question: You are considering buying a perpetuity that will make equal payments of $100 starting at the end of year 13. The bank has offered the

You are considering buying a perpetuity that will make equal payments

You are considering buying a perpetuity that will make equal payments of $100 starting at the end of year 13. The bank has offered the following payment schedule: you would pay $245 in 3 years, $207 in 7 years, and an upfront fee today. How much do you have to pay today where the interest rate is 7.04%? (Round to 0.00 decimal places and enter as a positive number)

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