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A security makes monthly payment forever. The payment is growing at a constant rate of 0.5%....

A security makes monthly payment forever. The payment is growing at a constant rate of 0.5%. What should be the first monthly payment if it is sold at $2,000 and required rate of return is 4%?

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SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

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