A perpetuity will make annual payments with the first, Financial Management

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A perpetuity will make annual payments with the first

A perpetuity will make annual payments with the first payment coming 9 years from now. The first payment is for $4500, and each payment that follows is $130 dollars more than the previous one. If the effective rate of interest is 6.2%, what is the present value of the perpetuity?

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Financial Management: A perpetuity will make annual payments with the first

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