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Problem 18.4 A special perpetuity pays $200 at the end of each year for the first 10 years and $100 at the end of each
Problem 18.4 A special perpetuity pays $200 at the end of each year for the first 10 years and $100 at the end of each year thereafter. If the effective annual rate of interest is 10%, find the present value of the perpetuity
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