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Given an interest rate of 6% per year compounded annually, what is the value at date t = 0 of a growing perpetual stream of

Given an interest rate of 6% per year compounded annually, what is the value at date t = 0 of a growing perpetual stream of $2,000 annual payments that begin at date t = 1 and grows at 2% per year till perpetuity? (nearest integer value)

Select one:

a. $2000

b. $1000

c. $50000

d. $1887

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