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An annual perpetuity pays 1 one year from now. Payments wall then increase by 4% per year for 5 years and 896 per year thereafter

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An annual perpetuity pays 1 one year from now. Payments wall then increase by 4% per year for 5 years and 896 per year thereafter Calculate the present value of this perpetuity at an annual effective interest rate of 1296 . 21.13 23.51 25.95 23.87 31.23

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