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| rev | Admin | (Created page with "You are given the following information about a perpetuity with annual payments: #The first 15 payments are each 2500, with the first payment to be made three years from now. #Beginning with the 16th payment, each payment is k% larger than the previous payment. #Using an annual effective interest rate of 3.5%, the present value of the perpetuity is 115,000. Calculate k <ul class="mw-excansopts"><li>1.66</li><li>1.74</li><li>1.78</li><li>1.83</li><li>1.89</li></ul> {{...") | Nov 18'23 at 12:05 | +497 |