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What is the difference in the value between the following: A growing perpetuity whose payment grows at 4%, is discounted at 9%, and next year's
What is the difference in the value between the following:
A growing perpetuity whose payment grows at 4%, is discounted at 9%, and next year's payment is $1000; AND
A growing annuity for 100 years whose payment grows at 4%, is discounted at 9%, and next year's payment is $1000.
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