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Given an interest rate of 6.5 percent per year, what is the value at date t = 6 of a perpetual stream of $1,400 payments
Given an interest rate of 6.5 percent per year, what is the value at date t = 6 of a perpetual stream of $1,400 payments with the first payment at date t = 15? |
Multiple Choice
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$13,014.21
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$12,219.92
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$13,274.49
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$21,638.46
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$12,753.93
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