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Kathryn buys a perpetuity immediate for 3250 with annual payments of 130. At the same price and interest rate, Derek buys an annuity immediate with

Kathryn buys a perpetuity immediate for 3250 with annual payments of 130. At the same price and interest rate, Derek buys an annuity immediate with 20 annual payments starting at P and increasing by 15 each year. Calculate P.

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