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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 indefinitelty and the interest rate is 7% What is the value of

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 indefinitelty and the interest rate is 7%. What is the value of the growing perpetity?

1429

2500

2575

3333

 

Apr 08 2020 View more View Less

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