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  3. a perpetuity pays $2x one year from today. the ann

A perpetuity pays $2X one year from today. The annual payments increase by 5% per...

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A perpetuity pays $2X one year from today. The annual payments increase by 5% per year thereafter. The effective annual interest rate on this perpetuity is 6%. The present value is $32,400. A second perpetuity pays $Y one year from now, and the annual payments increase by $X per year thereafter

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