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9. (16 points)A perpetuity pays $1 at the end of every year plus an additional $1 at the end of every second year. The anual

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9. (16 points)A perpetuity pays $1 at the end of every year plus an additional $1 at the end of every second year. The anual effective rate of interest is i = 496. Find the present value of the perpetuity at time 0

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