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Find the present value of a perpetuity that pays

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Problem - Find the present value of a perpetuity that pays 11 (mod 3) dollars at the end of year n. (So it pays $1 in year 1, $2 in year 2, $0 in year 3, $1 in year 4 and so on). Assume the annual effective interest rate is 10%.

Reference no: EM132841155

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