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Your aunt has gifted you a growing perpetuity. The first payment will occur in a year and will be $ 3 , 1 1 0
Your aunt has gifted you a growing perpetuity. The first payment will occur in a year and will be $ Each year after that, on the anniversary of the last payment, you will receive a payment that is larger than the last payment. This pattern of payments will go on forever. If the interest rate is per year, the value of the bequest today is closest to
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