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(1 point) (Exercise 3.15) Annuities X and Y provide the following payments End of Year Annuity X Annuity Y 1-10 250 K 11-20 400 0

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(1 point) (Exercise 3.15) Annuities X and Y provide the following payments End of Year Annuity X Annuity Y 1-10 250 K 11-20 400 0 21-30 150 K Annuities X and Y have equal present values at an annual effective interest rate i such that v10 = 0.4. Determine K. K =

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