Question: I am using the BA 2 Plus calculator. If you can explain how to solve this problem using the calculator I would appreciate it. I'm

I am using the BA 2 Plus calculator. If you can explain how to solve this problem using the calculator I would appreciate it. I'm preparing for my exam so knowing how to do it on the calculator would be helpful. Thanks!

The British Crown financed the Napoleonic Wars with consols (perpetuities). Imagine one which pays $5 per year and grows 2% per year. If your required rate of return is 7%, what would you be willing to pay? O $100.00 O $102.00 O $250.00 O $500.00 Infinite

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