Find what is the present value of the perpetuity

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Question: A perpetuity will make annual payments with the first payment coming 9 years from now. The first payment is for $4500, and each payment that follows is $130 dollars more than the previous one. If the effective rate of interest is 6.2%, what is the present value of the perpetuity? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132032234

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