Given an interest rate of 12% per year compounded monthly, what is the value at the date
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Given an interest rate of 12% per year compounded monthly, what is the value at the date t = 0 of a growing perpetual stream of $200 monthly payments that begin at the date t = 1 (1stmonth) and grows at 0.05% per month till perpetuity? (nearest integer value)
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