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9. (8 Points) At an annual effective interest rate of i, the present value of a perpetuity-immediate starting with a payment of $200 in the
9. (8 Points) At an annual effective interest rate of i, the present value of a perpetuity-immediate starting with a payment of $200 in the first year and increasing by $50 each year thereafter is $46,530. Calculate i. (a) 3.25% (b) 3.50% (c) 3.75% (d) 4.00% (e) 4.25% 9. (8 Points) At an annual effective interest rate of i, the present value of a perpetuity-immediate starting with a payment of $200 in the first year and increasing by $50 each year thereafter is $46,530. Calculate i. (a) 3.25% (b) 3.50% (c) 3.75% (d) 4.00% (e) 4.25%
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