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Please show work by hand BB.9 A perpetuity-due pays $275 now, and each subsequent payment is $25 more than the prior payment. At an annual

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Please show work by hand

BB.9 A perpetuity-due pays $275 now, and each subsequent payment is $25 more than the prior payment. At an annual effective interest rate of i, the present value of the perpetuity-due is $21,590. Find i. (a) 2.1% (b) 2.8% (c) 4.0% (d) 4.1% (e) 4.2%

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