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Determine the present value of an increasing perpetuity-due with annual payments starting at 100 and increasing by 50 each year until the payment reaches 500

Determine the present value of an increasing perpetuity-due with annual payments starting at 100 and increasing by 50 each year until the payment reaches 500 and remain at 500 thereafter. The annual effective interest rate in 5%. Please use annuity formulas!

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