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Eileen buys a perpetuity-immediate with annual payments for a purchase price of X. The first payment is 1.02, the 2^nd payment is 3% greater than

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Eileen buys a perpetuity-immediate with annual payments for a purchase price of X. The first payment is 1.02, the 2^nd payment is 3% greater than the first, the third payment is 2% greater than the second, and so on, with the increase in future payments alternating between 3% and 2%. At the purchase price of X, Eileen's effective annual interest yield rate is 3%. Determine X. 102 103 204 205 206

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