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#5 If you are willing to pay $22,053.00 today to receive a perpetuity with the first payment occurring next year then the payment must be

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#5 If you are willing to pay $22,053.00 today to receive a perpetuity with the first payment occurring next year then the payment must be $_ . Assume a 7.00% discount rate. Submit Answer format: Currency: Round to: 2 decimal places. unanswered not submitted

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