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2.1.2 Bob wants to purchase a perpetuity paying 1000 per year with the first payment due at the end of year 11. He can purchase
2.1.2 Bob wants to purchase a perpetuity paying 1000 per year with the first payment due at the end of year 11. He can purchase it by either: (i) paying 900 per year at the end of each year for 10 years; or (ii) paying K per year at the end of each year for the first 5 years and nothing for the next 5 years. Calculate K
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