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My grandfather use to write me a check for $9.70 every year on my birthday. Lets assume he wanted to buy a perpetuity that

My grandfather use to write me a check for $9.70 every year on my birthday. Lets assume he wanted to buy a perpetuity that would payout $9.70 per year forever. How much will that cost today if you assume an interest rate of 9% compunded annually? (Please use at least 5 decimal places and do not use $ symbol in the answer)

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