Question: Question 6 1 point A perpetuity provides payments every two years starting today. The first payment is 18 and each payment is 5% greater than

Question 6 1 point A perpetuity provides payments every two years

Question 6 1 point A perpetuity provides payments every two years starting today. The first payment is 18 and each payment is 5% greater than the immediately preceding payment. Find the present value of the perpetuity if the effective rate of interest is 5% per annum. Answer to the nearest cent

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