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P5-46. Calculating the Present Value of a Perpetuity Given an interest rate of 6.1 percent per year, what is the value at date t =

P5-46. Calculating the Present Value of a Perpetuity Given an interest rate of 6.1 percent per year, what is the value at date t = 7 of a perpetual stream of $2,500 annual payments that begins at date t = 15?

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