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A Perpetuity will pay $3,000 per year, starting five years after the perpetuity is purchased. What is the future value (FV) of this perpetuity, given

A Perpetuity will pay $3,000 per year, starting five years after the perpetuity is purchased. What is the future value (FV) of this perpetuity, given that the interest rate is

4%?

A. $1,456

B. $19,867

C. $21,320

D. There is no solution to this problem.

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