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Suppose you have a perpetuity - immediate with annual payments. The first payment is $ 6 0 0 0 . The payments increase by 3

Suppose you have a perpetuity-immediate with annual payments. The first payment is $6000.The payments increase by 3% per annum. Find the value of the perpetuity today if annual interest rate is 4% for 5 years, 7% thereafter.

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