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How much is a perpetuity worth that has the following characteristics? First payment will be $10,000 which you will receive 3 years after purchase. After
How much is a perpetuity worth that has the following characteristics?
First payment will be $10,000 which you will receive 3 years after purchase. After the first payment, the payments will grow by 1.2% every year and your opportunity cost of capital is 11.9%.
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