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An imestor makes deposits into an account at the end of each year for ten years. The deposit in yoar one is 1 , year

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An imestor makes deposits into an account at the end of each year for ten years. The deposit in yoar one is 1 , year two is 2 and so forth unit the final deposit of 10 in yoar ten. The account pays interest at an annual effective rate of i Immediately following the final deposit, the itvestor uses the entire account balance to parchase a perpetiaity immediate at an anaual effective interest rate of i. The perpetuity makes annual payenents of 10 . Calculate the purchase price of the perpetaity. 6.0 724 762 811

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