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Discount rate Perpetultles Consider the data in the following table. (Click on the icon here in order to copy the contents of the data table

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Discount rate Perpetultles Consider the data in the following table. (Click on the icon here in order to copy the contents of the data table below into a spreadsheet) Annual amount $16,000 7% Determine the present value of the perpetuity. The present value of the perpetuity is $. (Round to the nearest dollar.)

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