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John receives a perpetuity making payments using the following scheme: ayment will be for 2 at the end of the 5th year The first p
John receives a perpetuity making payments using the following scheme: ayment will be for 2 at the end of the 5th year The first p * The remaining payments will occur every three years, following the first payment Each subsequent payment will be 4% larger than the previous payment The present value of this perpetuity at an annual effective interest rate of 10% is equal to 25. Calculate X. Give your answer rounded to two decimal places
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