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Question 3 (3 points) (Estimated time allowance: 15 minutes) Given an interest rate of 10 percent per year, what is the value at date t

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Question 3 (3 points) (Estimated time allowance: 15 minutes) Given an interest rate of 10 percent per year, what is the value at date t = 7 (the end of year 7) of a perpetual stream of $15,000 annual payments that begins at date t = 12 (the end of year 12)? For your answer round to the nearest dollar, do not enter the dollar ($) sign, and use commas for the thousands. For example, if you obtained $1,240.75 then enter 1,240 Your

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