Question

An annual growing perpetuity is currently valued $6,225.81. The next annuity payment will be $386 and...

An annual growing perpetuity is currently valued $6,225.81. The next annuity payment will be $386 and the annual discount rate is 9 percent. What is the perpetuity’s rate of growth?

0.00%

2.80%

3.10%

6.20%

9.00%

ive.

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