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Consider a growing annuity which pays out until time T a cash ow each period growing at the constant rate of 1 + g per
Consider a growing annuity which pays out until time T a cash ow each period
growing at the constant rate of g per period. Assume the rst payment C
occurs at the end of the rst period and that all cash ows are discounted using
a constant interest rate of r compounded per period.
Using the result in a show that the following is true:
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