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Aunt Clarisse has promised to leave you an annuity that will pay $ 6 0 next year and grow at an annual rate of 4
Aunt Clarisse has promised to leave you an annuity that will pay $ next year and grow at an annual rate of The payments are expected to go on indefinitely and the interest rate is What is the value of the growing perpetuity? a$ b$ c$ d$ eNone of the above
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