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Given an interest rate of 7.15 percent per year, what is the value at Year 8 of a perpetual stream of $3,900 payments that begin

Given an interest rate of 7.15 percent per year, what is the value at Year 8 of a perpetual stream of $3,900 payments that begin at Year 20? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Present value:

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