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What is the value today of a constant growth perpetuity that promises annual payments which grow by 3% each year. The first payment of $1000

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What is the value today of a constant growth perpetuity that promises annual payments which grow by 3% each year. The first payment of $1000 will be received 5 years from today. Assume the fair market discount rate is 6% $24,909 $33,000 $26,403

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