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Business, 05.03.2020 21:59 ingle75

A perpetuity costs $77.1 and makes annual payments at the end of the year. The and Sn at the end of year perpetuity pays $1 at the end of year 2, $2 at the end of year 3, etc (n+ 1). After year (n+1) payments remain constant at level $n. The annual effective rate is 10.5%. Compute rn.

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A perpetuity costs $77.1 and makes annual payments at the end of the year. The and Sn at the end of...
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