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Problem 6.18 You are evaluating a growing perpetuity investment from a large financial services firm. The investment promises an initial payment of $20,100 at the end of this year and subsequent payments that will grow at a rate of 3.4 percent annually. If you use a 9 percent discount rate for investments like this, what is the present value of this growing perpetuity? (Round answer to 2 decimal places, e.g. 15.25.) Present value

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Ans Problem 6:18 Given , Amournt treceived at the end of year(D)- キ20, } Discount Rat? Cnj : g%。8 。,090 Preset Valve of grouly pexpetuit? erpefy た- 20,1oo .O30- 0.034 20,1OD よ358328 : 57 hns Note t Investment promises payment basiead means, Investor1s getting Pagment This means dividend at the endof-year-de-Dh

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