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A perpetuity costs 77.1 and makes annual payments at the end of the year. The perpetuity pays 1 at the end of year 2, 2

A perpetuity costs 77.1 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 effective annual interest rate is 10.5%. Calculate n.

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