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please show work, A payment of $100 purchases an increasing perpetuity with a first payment of $10 at the end of the first year. Each
please show work,
A payment of $100 purchases an increasing perpetuity with a first payment of $10 at the end of the first year. Each annual payment thereafter is 5% greater than the prior year's payment. What is the annual interest rate for this stream of payments Step by Step Solution
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