. Joe purchases a 50, 30-year annuity. Larry purchases a 50 perpetuity. In both cases, payments...
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. Joe purchases a 50, 30-year annuity. Larry purchases a 50 perpetuity. In both cases, payments begin in one year, and the appropriate interest rate is 12.5%. What is the present value of Larry's payments that will occur from year 31 onwards? . Joe purchases a 50, 30-year annuity. Larry purchases a 50 perpetuity. In both cases, payments begin in one year, and the appropriate interest rate is 12.5%. What is the present value of Larry's payments that will occur from year 31 onwards?
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