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Please show me how to solve the following question on excel. Mark made an investment that pays him $1 million today, with more payments coming
Please show me how to solve the following question on excel.
Mark made an investment that pays him $1 million today, with more payments coming every year and continuing forever. The amount of payments vary over time: in odd years Mark receives 10% more than the previous payment. In even years Mark receives 3% less than the previous payment. What is the present value of this perpetuity to Mark?
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