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A perpetuity with annual payment is payable beginning of 1 0 th year from now. The first payment is 1 0 . Each annual payment
A perpetuity with annual payment is payable beginning of th year from now. The first payment is Each annual payment thereafter is increased by until a payment of is reached. Subsequent payments remain level at
This perpetuity is purchased by means of annual premiums, with the first premium of due immediately. Each premium after the first is of the preceding one. The annual effective rates are during the first years and thereafter.
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