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Given a discount rate of 7.1 percent per year, what is the value at Date t = 7 of a perpetual stream of $3,850 payments
Given a discount rate of 7.1 percent per year, what is the value at Date t = 7 of a perpetual stream of $3,850 payments with the first payment at Year 17?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
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