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A perpetuity has payments of 1 at the end of years 5 and 6, 2 at the end of years 7 and 8, 3 at

A perpetuity has payments of 1 at the end of years 5 and 6, 2 at the end of years 7 and 8, 3 at the end of years 9 and 10, The annual effective interest rate is 6%. Find the present value (at time 0) of this perpetuity.

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