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6. Pat purchases a perpetuity-immediate (payments at the end of each year) for $3250 with annual payments of $130. At the same price and interest
6. Pat purchases a perpetuity-immediate (payments at the end of each year) for $3250 with annual payments of $130. At the same price and interest rate, Kendall purchases an annuity -immediate (payments at the end of each year) with 20 payments that begin with amount P and increase by S15 each year thereafter. CalculateP
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