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If you are willing to pay $25,598.00 today to receive a perpetuity with the first payment occurring next year then the payment must be? Assume

image text in transcribed If you are willing to pay $25,598.00 today to receive a perpetuity with the first payment occurring next year then the payment must be? Assume a 7.00% discount rate. Answer format: Currency: Round to: 2 decimal places. Attempts Remaining: Infinity

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