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An annuity writer sells an annual perpetuity due, with a first payment of 3,000 . The payments increase by 7% annually. The purchase price, P,

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An annuity writer sells an annual perpetuity due, with a first payment of 3,000 . The payments increase by 7% annually. The purchase price, P, of the perpetuity is based on a 12% annual force of interest. Calculate P. 41,096 52,177 58,829 60,000 67,200

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