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ooint) (Exercise 4.31) A perpetuity makes payments starting 5 years from today. The first payment is $1400 and each payment thereafter increases by k% pe

ooint) (Exercise 4.31) A perpetuity makes payments starting 5 years from today. The first payment is $1400 and each payment thereafter increases by k% pe ar. The present value of this perpetuity is equal to $7000 when computed at i=14. 1 . Find k

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