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Aaron has funded a retirement investment with $250,000 earning a return of 6.75 percent. What is the value of the payment that he can receive

Aaron has funded a retirement investment with $250,000 earning a return of 6.75 percent. What is the value of the payment that he can receive in perpetuity? (Round to the nearest dollar) $15,250 $14.900 $16,875 $12,150

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