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Business, 27.07.2020 01:01 EggWithWheels

Clarissa wants to fund a growing perpetuity that will pay $ 9 comma 000 per year to a local museum, starting next year. She wants the annual amount paid to the museum to grow by 6% per year. Given that the interest rate is 9%, how much does she need to fund this perpetuity?

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Clarissa wants to fund a growing perpetuity that will pay $ 9 comma 000 per year to a local museum,...
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