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8) Bob and Carol also own a perpetuity which will begin payments of $5,000 each year beginning 10 years from now. Rather than fight over

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8) Bob and Carol also own a perpetuity which will begin payments of $5,000 each year beginning 10 years from now. Rather than fight over it, they decide to donate the perpetuity to good old NCC. If the IRS allows an interest rate of i=8%, what is the present value of this perpetuity

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