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Calculate the present value of the following perpetuities: (a) $1,490discounted to the present at 7 percent. (Round answer to 2 decimal places, e.g. 15.25.)

Calculate the present value of the following perpetuities:

(a)

$1,490discounted to the present at 7 percent.(Round answer to 2 decimal places, e.g. 15.25.)

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