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A perpetuity paying $1 at the beginning of each year has a present value of 20. If this perpetuity is exchanged for another perpetuity paying

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A perpetuity paying $1 at the beginning of each year has a present value of 20. If this perpetuity is exchanged for another perpetuity paying R at the beginning of every 7 years, find $R such that the values of the two perpetuities are equal. Answer to the nearest cent

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