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Question 7 (3 points) What is the value of a promise to receive $1000 forever, beginning next year, if the interest rate is 5% per

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Question 7 (3 points) What is the value of a promise to receive $1000 forever, beginning next year, if the interest rate is 5% per year? A) $15,000 B) $50,000 C) $10,000 D) $20,000

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