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Given an interest rate of 5 percent per year, what is the value at date t= 6 of a perpetual stream of $1,600 payments with
Given an interest rate of 5 percent per year, what is the value at date t= 6 of a perpetual stream of $1,600 payments with the first payment at date t=15? Multiple Choice $21,658.86 $22,09204 $32,100.00 O O $20,627.49 $21,225.68
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