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A TV commercial offers investors a perpetuity that will pay you $2.00 next year. The payment will then increase by 3.00% every year going forward.

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A TV commercial offers investors a perpetuity that will pay you $2.00 next year. The payment will then increase by 3.00% every year going forward. You would like a 7.00 your investment. What is the value of this "offer" if the company can deliver what is promised? $2.872 $206 $5,000 $200

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