A perpetuity provides biannual payments of 2000 for the first 10 years of the perpetuity...
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Finance
A perpetuity provides biannual payments of 2000 for the first 10 years of the perpetuity payments with the first payment two years after the purchase of the perpetuity and then after the first 10 years of payments the perpetuity makes semiannual payments of 1000. The effective annual rate of interest is .05. Find the purchase value of the perpetuity.
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