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( Related to Checkpoint 6 . 4 ) ( Present value of a perpetuity ) What is the present value of a $ 2 0

(Related to Checkpoint6.4)(Present value of a perpetuity)What is the present value of a $200 perpetuity discounted back to the present at 15percent?
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Part 1
The present value of the perpetuity is $
enter your response here. (Round to the nearest cent.)

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