Question: ( Exercise 4 . 3 1 ) A perpetuity makes payments starting 5 years from today. The first payment is $ 9 5 0 and

(Exercise 4.31) A perpetuity makes payments starting 5
years from today. The first payment is $950
and each payment thereafter increases by k
% per year. The present value of this perpetuity is equal to $9827
when computed at i=9.6
. Find k
.
k
=

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