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| rev | Admin | (Created page with "A perpetuity provides for continuous payments. The annual rate of payment at time t is <math display = "block"> \begin{cases} 1, \quad 0 \leq t < 10,\\ (1.03)^{t-10}, \quad t > 10 \end{cases} </math> Using an annual effective interest rate of 6%, the present value at time t = 0 of this perpetuity is x. Calculate x. <ul class="mw-excansopts"><li>27.03</li><li>30.29</li><li>34.83</li><li>38.64</li><li>42.41</li></ul> {{soacopyright | 2023 }}") | Nov 18'23 at 10:37 | +449 |