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7. (12 pts) A yearly perpetuity starts payment of $30,000 on January 1st, 2016. At interest rate 5% annually, please find, (a) The value of

7. (12 pts) A yearly perpetuity starts payment of $30,000 on January 1st, 2016. At interest rate 5% annually, please find, (a) The value of this perpetuity on January 1st, 2015. (b) The value of this perpetuity on January 1st, 2016

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