Question: Consider a growing perpetuity that will pay $100 TODAY. Each year after that, you will receive a payment that is 6% larger than the last

Consider a growing perpetuity that will pay $100 TODAY. Each year after that, you will receive a payment that is 6% larger than the last payment. This pattern of payments will continue forever. If the interest rate is 11%, then what is the value of this perpetuity? 1344 1455 2220 1586 1850

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