What is the value at year nine of perpetual stream

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Given an interest rate of 6.45 percent per year, what is the value at Year 9 of a perpetual stream of $3,200 payments that begin at Year 18? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Reference no: EM131223021

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