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30-05-2023
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Given an interest rate of 9.3 percent per year, what is the value at t = 6 of a perpetual stream of $1,000 annual payments that begin t =21?
a. $3,384.19
b. $10,752.69
c. $2,832.79
d. $2,412.02
e. $3,096.24

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