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Today is December 31st and you just received a $775 payment from the perpetuity that you purchased 13 years ago on January 1st, at the

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Today is December 31st and you just received a $775 payment from the perpetuity that you purchased 13 years ago on January 1st, at the time you purchased the perpetuity you agreed to an interest rate of 6%. How much did you pay for your perpetuity 13 years ago if you received your first payment one year after you bought it

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