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Calculate the present value of a perpetuity-due with quarterly payments which pays an initial payment of $174. Each subsequent quarterly payment is 1.05% larger than

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Calculate the present value of a perpetuity-due with quarterly payments which pays an initial payment of $174. Each subsequent quarterly payment is 1.05% larger than the previou payment. Assume the effective quarterly rate is 1.73%. Give your answer to the nearest dollar

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