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An ordinary perpetuity of $1000 per year offers a 7% return (i.e., discount rate is 7%). What is the future value of this perpetuity at
An ordinary perpetuity of $1000 per year offers a 7% return (i.e., discount rate is 7%). What is the future value of this perpetuity at the end of year 4? Round your answer to the nearest cent; do not include the $ sign (i.e., if the answer is $8,300.3562, enter it as 8,300.36).
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