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Consider the data in the following table.(Click on the icon located on the top-right corner of the data table below in order to copy its
Consider the data in the following table.(Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.)
Annual amount | Discount rate | | ||||||||||
$15,000 | 21% |
Determine the present value of the perpetuity.
The present value of the perpetuity is
$ . (Round to the nearest dollar.)
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