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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

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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