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10 years from now, you want to be able to purchase a perpetuity-immediate which will pay you $2000 at the end of each quarter. In
10 years from now, you want to be able to purchase a perpetuity-immediate which will pay you $2000 at the end of each quarter. In order to make this purchase, you deposit money into an account at the end of each year at the rate of X per annum for 10 years. Suppose that the interest rate is a constant 10% effective. Find the annual deposit amount, X, necessary to achieve this purchase.
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