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Consider a perpetuity-due with annual payments such that the first is 9000 at time 0 and each subsequent payment decreases by 5%. Find the PV

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Consider a perpetuity-due with annual payments such that the first is 9000 at time 0 and each subsequent payment decreases by 5%. Find the PV of this perpetuity at time 0 given an annual effective rate of interest i=4%

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