Calculate the present value of the perpetuity at the, Financial Management

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Calculate the present value of the perpetuity at the

A perpetuity makes payments at the end of each year at an annual effective rate of 3.4%. The payment pattern is 32.1 (at the end of years 1, 2 and 3) and this pattern repeats for the balance of the perpetuity. Calculate the present value of the perpetuity at the beginning of the first year.

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