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| rev | Admin | (Created page with "'''Solution: E''' Split this into two perpetuities. One starts at time 0.5 at 500 increasing by 10 every year. The other starts at time 1 at 500 with payments increasing by 10 every year. The semiannual interest rate is <math display = "block"> 1.075^{0.5}-1=0.0368221 </math> The present value of an increasing perpetuity immediate is found using the formula: <math display = "block">\frac{P}{i} + \frac{Q}{i^2}</math> where P is the initial amount and Q is the increas...") | Nov 19'23 at 1:48 | +847 |