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A perpetuity has payments of 1, 2, 3, ...., 98, 99, 100, 99, 98, 97, 96, ...., 3, 2, 1, 2, 3, 4, ...., 99,
A perpetuity has payments of 1, 2, 3, ...., 98, 99, 100, 99, 98, 97, 96, ...., 3, 2, 1, 2, 3, 4, ...., 99, 100, 99, 98, ....., 3, 2, 1, 2, ...., 99, 100, 99, 98, ...., 3, ,2, 1.... If the payments are made annually, and the annual effective interest rate is 7%, Find the value of the perpetuity at the time of the first payment.
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Organic Chemistry
Authors: John McMurry
7 Edition
978-0495112587, 0495112585
