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K (Related to Checkpoint 6.4) (Present value of a perpetuity) What is the present value of a $350 perpetuity discounted back to the present

K (Related to Checkpoint 6.4) (Present value of a perpetuity) What is the present value of a $350 perpetuity discounted back to the present at 14 percent? The present value of the perpetuity is $(Round to the nearest cent.)

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