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A sum, P, is used to buy a deferred perpetuity-due of 1 payable annually. The effective annual rate of interest is i, i > 0.

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A sum, P, is used to buy a deferred perpetuity-due of 1 payable annually. The effective annual rate of interest is i, i > 0. Calculate the deferred period. A In In(iP) B 1 8 In(iP) 8 In(dp) D 1+

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