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A perpetuity costs 771. Payments start at the end of the second year with 10, then 20 after the third year and so on, increasing
A perpetuity costs 771. Payments start at the end of the second year with 10, then 20 after the third year and so on, increasing by 10 each year until the end of year n+1. Thereafter, the payments remain constant. The effective annual interest rate is 10.5%. Calculate n.
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