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Given an interest rate of 8 percent per year, what is the value at date t=8 of a perpetual stream of $1,600 payments with the

Given an interest rate of 8 percent per year, what is the value at date t=8 of a perpetual stream of $1,600 payments with the first payment at date t=13?

I keep getting 13,611 but it isn't correct. Thank you

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Given an interest rate of 8 percent per year, what is the value at date t= 8 of a perpetual stream of $1,600 payments with the first payment at date t= 13? Multiple Choice $14,406.59 $14.700.60 $14,994.61 O O $20,100.00 $13,611.66

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