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An investment offers a perpetual stream of $40,000 annual payments. The first payment will be received in 10 years. The interest rate is 4.5% per
An investment offers a perpetual stream of $40,000 annual payments. The first payment will be received in 10 years. The interest rate is 4.5% per year. What is the value of this investment today?
888,888.89
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598,137.26
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572,380.16
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598.137.27
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None of the above. Make sure to round at the very end of the problem and to the nearest hundredth. |
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