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Given an interest rate of 7 percent per year, what is the value at date t = 7 of a perpetual stream of $1,200 payments
Given an interest rate of 7 percent per year, what is the value at date t = 7 of a perpetual stream of $1,200 payments with the first payment at date t = 12? |
Multiple Choice
- $12,222.62
- $13,339.77
- $12,816.64
- $13,078.20
- $17,242.86
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