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A perpetuity will make annual payments with the first payment coming 12 years from now. The first payment is for $4600, and each payment that

A perpetuity will make annual payments with the first payment coming 12 years from now. The first payment is for $4600, and each payment that follows is $110 dollars more than the previous one. If the effective rate of interest is 5.8%, what is the present value of the perpetuity?

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