A perpetuity will pay $1,000 per year, with the first payment to be made six...
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A perpetuity will pay $1,000 per year, with the first payment to be made six years after the perpetuity is purchased. If the interest rate is 4%, what is the value of this perpetuity on the date that it is purchased? $23,114 $26,217 $21,370 $25,000 $20,548
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