Question: answer quick for thumbs up A perpetuity pays 700 dollars annually. At the time of the second payment, the present value of the entire perpetuity

answer quick for thumbs up

A perpetuity pays 700 dollars annually. At the time of the second payment, the present value of the entire perpetuity (including the first payment) is 6900 dollars. What is the smallest possible effective rate of interest? Answer = percent

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