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Given an interest rate of 6% per year compounded annually, what is the value at the date t = 0 of a perpetual stream of
Given an interest rate of 6% per year compounded annually, what is the value at the date t = 0 of a perpetual stream of $2,000 annual payments that begin at date t = 10? (approx. to nearest integer value)
Select one: a. $19730 b. $18613 c. $20914 d. $18000
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