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You decide to fund a new BCOMM common room in the new building at Haskayne. You will give the school $10,000 every year in perpetuity.

You decide to fund a new BCOMM common room in the new building at Haskayne. You will give the school $10,000 every year in perpetuity. You cant start making these payments until 5 years from today. If the interest rate is 7% per year, what is the present value of your gift?

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