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A perpetuity costs 69.43 and makes annual payments at the end of the year. The perpetuity pays 1 at the end of year 2, 2

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A perpetuity costs 69.43 and makes annual payments at the end of the year. The perpetuity pays 1 at the end of year 2, 2 at the end of year 3, ..., n at the end of year (n + 1). After year (n + 1), the payments remain constant at n. The annual effective interest rate is 11.5%. Calculate n. [4.h-i #01] 24 027 026 25 023

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