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Given an interest rate of 6.0 percent per year, what is the value at Year 8 of a perpetual stream of $3,050 payments that begin at Year 19? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Present value

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Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92051462

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