Question: A perpetuity makes payments starting4years from today. The first payment is $1300and each payment thereafter increases byk% per year. The present value of this perpetuity

A perpetuity makes payments starting4years from today. The first payment is $1300and each payment thereafter increases byk% per year. The present value of this perpetuity is equal to $13564when computed ati=9.5. Findk.

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