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3) A band signs a deal in which it receives $6,000/year in perpetuity. If the average inflation rate into the indefinite future is 3.2%, calculate

3) A band signs a deal in which it receives $6,000/year in perpetuity. If the average inflation rate into the indefinite future is 3.2%, calculate the real total of this income stream. Round your answer, if necessary, to the nearest $100

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