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What is the present value of a perpetuity that pays you annual, end-of-year payments of $ 2,413? Use a nominal rate of 11.17 %. SET

What is the present value of a perpetuity that pays you annual, end-of-year payments of $ 2,413? Use a nominal rate of 11.17 %.

SET YOUR CALCULATOR TO 4 DECIMAL PLACES THEN ROUND TO THE NEAREST WHOLE NUMBER AT THE END. DO NOT ENTER THE $ SIGN SYMBOL..i.e. if your answer is $1,000 enter it as 1000.

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