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There are formulas for the present value of a perpetuity (aka: no-growth perpetuity) and the present value of an ordinary annuity (aka: finite series of

There are formulas for the present value of a perpetuity (aka: no-growth perpetuity) and the present value of an ordinary annuity (aka: finite series of cash flows): CF PV =-(1) - PV =-converges PVAT: lo (1 +) as n With CF > 0 and 0

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