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A perpetuity makes payments half-yearly in arrears and has a 5-year deferred period. The first payment made is 10 and all subsequent payments increase at

A perpetuity makes payments half-yearly in arrears and has a 5-year deferred period. The first payment made is 10 and all subsequent payments increase at the compound rate of 25% but subject to an individual payment capping of 100. Calculate the present value of the perpetuity at an effective rate of interest of 6% p

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