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Given an interest rate of 8 percent per year, what is the value at date t = 9 of a perpetual stream of $500 annual
Given an interest rate of 8 percent per year, what is the value at date t = 9 of a perpetual stream of $500 annual payments that begins at date t = 17?
$3,376.68
$4,109.19
$4,307.78
$6,250.00
$6,487.17
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