An immediate perpetuity with semi-annual payments is made up of 2 level payments of 300, followed by a series of increasing payments. Starting on the third payment, each payment is 200 dollars larger than the previous payment. Using an effective annual interest rate i, the present value of perpetuity is 475,000. Calculate i. An immediate perpetuity with semi-annual payments is made up of 2 level payments of 300, followed by a series of increasing payments. Starting on the third payment, each payment is 200 dollars larger than the previous payment. Using an effective annual interest rate i, the present value of perpetuity is 475,000. Calculate