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Find the present value (at time zero) of a perpetuity that pays $10,000 each year with its first payment occurring later today. Assume the interest

Find the present value (at time zero) of a perpetuity that pays $10,000 each year with its first payment occurring later today. Assume the interest rate is 18%
Repeat the problem in part a if the first payment is made in 12 years from today.

some work to explain the answer would be great thanks!

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