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show work Your are considering the purchase of a perpetuity that will...

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Accounting

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Your are considering the purchase of a perpetuity that will pay $2400 per year, with the first payment starting 8 years from today (no cash flows occur for the first 7 years). What are you willing to pay for this investment, if you can earn a return of 5%? Answer in dollars and cents. Omit the $ sign

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