Find what is the value at date of a perpetual stream

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Problem 1: Given an interest rate of 6.7 percent per year, what is the value at date tt = 7 of a perpetual stream of $3,100 annual payments that begins at date = 15? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.)

Reference no: EM133009518

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