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I buy a perpetuity from a bank today for $200. In five years, after collecting each years payment, I then offer to sell the perpetuity
I buy a perpetuity from a bank today for $200. In five years, after collecting each years payment, I then offer to sell the perpetuity back to the bank. If interest rates havent changed, what should the perpetuity be worth at that time?
(Round to the nearest cent and do not enter the dollar sign)
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