(Solved): A perpetuity-due with annual poyments consists of five level poyments of \( X \) followed by a seri ...

A perpetuity-due with annual poyments consists of five level poyments of \( X \) followed by a series of increasing poyments. Beginning with the sixth poyment. eoch payment is \( 2.5 \% \) larger than the preceding payment. Using an annugl effective interest rote of \( 4.6 \% \), the present value of the perpetuity is 75,000 Calculate \( X \) 1,531 1,562 1,583 \( 1.618 \) \( 1.654 \)