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afriend lives inGreece and planning on moving to Germany, owns a perpetuity that promises to pay1,000 at the end of each year, forever.Moonnreceived an e-mail
afriend lives inGreece and planning on moving to Germany, owns a perpetuity that promises to pay1,000 at the end of each year, forever.Moonnreceived an e-mail from her and offeredMoonnto sell all of the payments to be received after the 25th year for a price of 1,000. At an interest rate of 10%, shouldMoonnpay the 1,000today to receive payment numbers 26 and onwards? Briefly explain.
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