Question: (1 point) (Exercise 4.31) A perpetuity makes payments starting 5 years from today. The first payment is $850 and each payment thereafter increases by k%

(1 point) (Exercise 4.31) A perpetuity makes payments starting 5 years from today. The first payment is $850 and each payment thereafter increases by k% per year. The present value of this perpetuity is equal to $10536 when computed at i=8.6. Find k.

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