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Exercise #5 -A perpetuity offers to pay you $1000 annually forever. However, the first payment will not start until 5 years from now. The discount
Exercise #5 -A perpetuity offers to pay you $1000 annually forever. However, the first payment will not start until 5 years from now. The discount rate is 5%. How much money does the perpetuity cost? (Compute the PV as of today.) $
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