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A perpetuity has payments at the end of each four-year period. The first payment at the end of four years is 1. Each subsequent payment

A perpetuity has payments at the end of each four-year period. The first payment at the end of four years is 1. Each subsequent payment is 6 more than the previous payment. It is known that v4=0.81. Calculate the present value of this perpetuity.

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