In: Finance
What is the present value of a growing perpetuity that has an initial payment of $20,000 one year from now. Assume a growth rate of 5% and a rate of return equal to 9%.
Question options:
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 $50,000.00  | 
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 $500,000.00  | 
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 $222,222,22  | 
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 $400,000.00  |