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) $2,412.02
B) $ 3.096.24
C) $ 3,384.19
D) $ 2,832.79
E) $1,273.43
Correct Answer:
Verified
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