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A perpetuity provides for continuous payments. The payments (more precisely, the rate of payments) for all times is constant and equals to $1. Thereafter, for

A perpetuity provides for continuous payments. The payments (more precisely, the rate of payments) for all times image text in transcribed is constant and equals to $1. Thereafter, for all the payments (rate of payment) are given by $ Using an effective annual interest rate of 6% find the present value of the perpetuity at time t = 0. Please show all work

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