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pounded annually, what is the present value of an income stream paying $50 next quarter and growing at 2% per quarter until the end of the third year?...
At a constant interest rate of 15%, compounded annually, what is the present value of an income
stream paying $50 next quarter and growing at 2% per quarter until the end of the third year? From
that point on it grows at 1% per quarter indefinitely.