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Assigned as Homework O 4. Perpetuity Your grandfather has some extra money lying around and he is considering investing in something that will pay $10,000

Assigned as Homework O 4. Perpetuity Your grandfather has some extra money lying around and he is considering investing in something that will pay $10,000 per year in perpetuity. If he requires a return of 11%, how much should he be willing to pay for the investment? (Enter only numbers and decimals in your response. Round to 2 decimal places.) Numeric

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