Calculate the present value of the perpetuity

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Reference no: EM132039882

A perpetuity makes payments at the end of each year at an annual effective rate of 3.4%. The payment pattern is 32.1 (at the end of years 1, 2 and 3) and this pattern repeats for the balance of the perpetuity. Calculate the present value of the perpetuity at the beginning of the first year.

Reference no: EM132039882

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