Question: You are considering buying a perpetuity that will make equal payments of $100 starting at the end of year 14. The bank has offered the

You are considering buying a perpetuity that will make equal payments of $100 starting at the end of year 14. The bank has offered the following payment schedule: you would pay $277 in 2 years, $228 in 8 years, and an upfront fee today. How much do you have to pay today where the interest rate is 6.32%?

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