Suppose that five years from now you will inherit a perpetuity that will initially pay $ 3,000. Each of the following payments will be 5% larger than the prior payment. Assuming that perpetuity makes annual payments and the annual opportunity cost of capital is 15%, what is the value of this perpetuity today? Round your final answer to two decimals.
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Suppose that five years from now you will inherit a perpetuity that will initially pay $ 3,000. Each...
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