What is the value of the bequest immediately

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A rich relative has bequeathed you a growing perpetuity. The first payment will occur in one year and will be $2,000. Each year after? that, you will receive a payment on the anniversary of the last payment that is 4% larger than the last payment. This pattern of payments will go on forever. If the interest rate is 9% per? year,

Question a. What is? today's value of the? bequest?

Question b. What is the value of the bequest immediately after the first payment is? made?

Reference no: EM132522746

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