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A perpetuity-due with annual payments pays $1 now, $3 in one year, $6 in two years, $[(n(n+1))/2] in n-1 years, and so on. Show that
A perpetuity-due with annual payments pays $1 now, $3 in one year, $6 in two years, $[(n(n+1))/2] in n-1 years, and so on. Show that the present value of this perpetuity-due is (double dot A angle infinity)(I double dot A angle infinity)
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