On January 1,1988, Felix inherited a perpetuity with annual payments beginning in six months. The...
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Accounting
On January Felix inherited a perpetuity with annual payments beginning in six months. The first payment was $ and after that the payments increased by each year. Find the value of this perpetuity on January if the annual effective interest rate was from January through January and thereafter. Round your answer to the nearest cent. answer is $ please show work
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