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You buy a perpetuity for $10,000. You will earn an eff ective annual rate of return of 6.7%. The perpetuity will make annual payments, and
You buy a perpetuity for $10,000. You will earn an eff ective annual rate of return of 6.7%. The perpetuity will make annual payments, and the first payment will be received one year from now. Whats the amount of the annual paymentss?
- Please use excel to solve, and show formulas.
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