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Your uncle owns a perpetuity that pays $25,000 per year. If he is willing to sell it to you, what price would you pay for

Your uncle owns a perpetuity that pays $25,000 per year. If he is willing to sell it to you, what price would you pay for it now, if the appropriate interest rate is 7.07% per year? $324,675.32$3,536.07$17,675,000$35,606,79$176,750

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