A perpetuity-due pays $275 now, and each subsequent payment is $25 more than the prior payment....
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A perpetuity-due pays $275 now, and each subsequent payment is $25 more than the prior payment. At an annual effective interest rate of i, the present value of the perpetuity-due is $21,590. Find i. A perpetuity-due pays $275 now, and each subsequent payment is $25 more than the prior payment. At an annual effective interest rate of i, the present value of the perpetuity-due is $21,590. Find i.
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