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Given an interest rate of 9 percent per year, what is the value at date t = 9 of a perpetual stream of $500 payments

Given an interest rate of 9 percent per year, what is the value at date t = 9 of a perpetual stream of $500 payments with the first payment at date t = 16?

Multiple Choice

$3,378.85

$3,246.34

$3,039.08

$3,312.60

$5,655.56

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