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Zhaire was just offered a perpetuity, or forever payment, of $ 9 5 0 per year. She hopes to earn 7 . 6 % on

Zhaire was just offered a perpetuity, or forever payment, of $950 per year. She hopes to earn 7.6% on her investment. How much should she be willing to pay for this investment?
$12,179.15
$12,500.00
$11,400.55
$14,193.58
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