A perpetuity-due with semi-annual payments consists of two-level payments of 800, followed by a series of increasing payments. Beginning with the third payment, each payment is 60 larger than the preceding payment Using an annual effective interest rate of i the present value of the perpetuity is 40,000. Calculate 10.06% 10.38% 10.68% 10.95% 11.1996 A perpetuity-due with semi-annual payments consists of two-level payments of 800, followed by a series of increasing payments. Beginning with the third payment, each payment is 60 larger than the preceding payment Using an annual effective interest rate of i the present value of the perpetuity is 40,000. Calculate 10.06% 10.38% 10.68% 10.95% 11.1996