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What is the present value (PV) of a perpetuity which pays $5000 per year, if the interest rate is 7%. Assume that the first payment

What is the present value (PV) of a perpetuity which pays $5000 per year, if the interest rate is 7%. Assume that the first payment is at the end of the first year.

Select one:

68,942

376

71,429

41,490

66,756

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