2. A perpetuity pays $1200 at the end of the first year. Each subsequent annual payment increases by $100. Calculate the

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answerhappygod
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2. A perpetuity pays $1200 at the end of the first year. Each subsequent annual payment increases by $100. Calculate the

Post by answerhappygod »

2. A perpetuity pays $1200 at the end of the first year.
Each subsequent annual payment increases by $100. Calculate the
present value at an annual effective interest rate of
1.1%.
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