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What is the value of a perpetuity paying $100 per year, if the payments start in 11 years and the interest rate is 3%? To

What is the value of a perpetuity paying $100 per year, if the payments start in 11 years and the interest rate is 3%? To clarify, there are NO payments for the first 10 years than $100 per year thereafter, forever.

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Principles of Finance

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