=+If the interest rate is 5 percent, what is the present value of a perpetuity that pays

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=+If the interest rate is 5 percent, what is the present value of a perpetuity that pays $1000 per year forever?

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Microeconomics

ISBN: 9781292081977

8th Global Edition

Authors: Robert S. Pindyck, Daniel L. Rubinfeld

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