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A TV commercial offers investors a perpetuity that will pay you $200 next year. The payment will then increase by 3.00%6 every year going forward.

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A TV commercial offers investors a perpetuity that will pay you $200 next year. The payment will then increase by 3.00%6 every year going forward. You would like a 7.00% on your investment. What is the value of this "offer" if the company can deliver what is promised? $206 $200 $5,000 $2.872

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