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You are evaluating a growing perpetuity investment from a large financial services firm. The investment promises an initial payment of $6,000 at the end of

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You are evaluating a growing perpetuity investment from a large financial services firm. The investment promises an initial payment of $6,000 at the end of this year and subsequent payments that will grow at a rate of 2.1 percent annually. If you use a 10.0 percent discount rate for investments like this, what is the present value of this growing perpetuity? (Round to the nearest dollar). 75,949

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