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5. An ordinary perpetuity has semi-annual payments of $R and is purchased for $25,000. It pays interest at j2 = 9% for the first 5
5. An ordinary perpetuity has semi-annual payments of $R and is purchased for $25,000. It pays interest at j2 = 9% for the first 5 years, and j2 = 7% thereafter. What is R? (Answer to nearest dollar)
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