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Given an interest rate of 6.6 percent per year, what is the value at Year 7 of a perpetual stream of $3,350 payments that begin
Given an interest rate of 6.6 percent per year, what is the value at Year 7 of a perpetual stream of $3,350 payments that begin at Year 19? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
present value ---
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