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(10 points) The 16-year annuity-immediate A pays 100 in the first year and increases by 4% annually thereafter. The 16-year annuity-immediate B pays X in

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(10 points) The 16-year annuity-immediate A pays 100 in the first year and increases by 4% annually thereafter. The 16-year annuity-immediate B pays X in the first year and then decreases by 2% each year thereafter. At an effective annual interest rate of 5%, both annuities have the same present value. Compute X

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