Your elderly uncle left you an annuity that will pay 100, Finance Basics

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Your elderly uncle left you an annuity that will pay 100

Question: Your elderly uncle left you an annuity that will pay $100 next year and grow at an annual rate of 4%. The payment are expected to go on indefinitely and the interest rate is 7%. What is the value of the growing perpetity? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: Your elderly uncle left you an annuity that will pay 100

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Finance Basics: Your elderly uncle left you an annuity that will pay 100

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