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4. A geometric perpetuity increases payments by r = 2% each year. The annual interest I is Uniform(0.01, 0.03) compounded annually. Find the expected present
4. A geometric perpetuity increases payments by r = 2% each year. The annual interest I is Uniform(0.01, 0.03) compounded annually. Find the expected present value of the perpetuity, if it exists. 4. A geometric perpetuity increases payments by r = 2% each year. The annual interest I is Uniform(0.01, 0.03) compounded annually. Find the expected present value of the perpetuity, if it exists
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