A growing monthly perpetuity will start 6 months from today. If the discount rate is 6%...

A growing monthly perpetuity will start 6 months from today. If the discount rate is 6% APR compounded monthly, what is the value of the perpetuity today (at time t=0) if the growth rate is 1.2% APR compounded monthly and the first payment is $100?

Enter answer as a dollar, rounded to nearest dollar.

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jeff jeffy answered 1 year ago

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