Calculating present value of a perpetuity given an interest


Question: Calculating Present Value of a Perpetuity. Given an interest rate of 6.35 percent per year, what is the value at Year 7 of a perpetual stream of $5,000 payments that begin at Year 20? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: Calculating present value of a perpetuity given an interest
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