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An inheritance will pay $7,000 every year forever. Assuming 14.0% discount rate, the present value of the perpetuity is closest to: Group of answer choices

An inheritance will pay $7,000 every year forever. Assuming 14.0% discount rate, the present value of the perpetuity is closest to:

Group of answer choices

$50,000

Infinity

$70,000

$90,000

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