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Assume you receive a perpetual (i.e. permanent) payment of $9,000 and that the interest rate will be 8%, and that the perpetual payment will grow

Assume you receive a perpetual (i.e. permanent) payment of $9,000 and that the interest rate will be 8%, and that the perpetual payment will grow by 2% each year. What will be the present value of this payment?

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