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Consider a perpetuity-due with a first payment of 5000 at time 0 and each subsequent payment decreases by 9%. Find the PV of this perpetuity
Consider a perpetuity-due with a first payment of 5000 at time 0 and each subsequent payment decreases by 9%. Find the PV of this perpetuity at time 0 given an annual effective rate of interest i=2%.
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