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It is currently April 2 0 2 4 . Suppose that Tina promises to pay you $ 2 5 0 each year starting next year

It is currently April 2024. Suppose that Tina promises to pay you $250 each year starting next year (April 2025) and continuing on forever. What is the present value of this future stream of cash flows if you discount the future at 1% per year (answer in thousands of dollars)?

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