You have an opportunity to invest in a deal that will make


You have an opportunity to invest in a deal that will make yearly payments forever. These payments will grow at a rate of 3% per year. You will receive your first payment of $3500 one year from today. Due to the risks associated with this investment, you will require a return of 7%. How much are you willing to pay for this deal today? SHOW DETAILED WORK

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Financial Management: You have an opportunity to invest in a deal that will make
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