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3. An annuity immediate pays $2,200 at the end of each year for 3n years. It has the same present value as a perpetuity immediate

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3. An annuity immediate pays $2,200 at the end of each year for 3n years. It has the same present value as a perpetuity immediate that pays $1,515.22 at the end of each year. (a) What is the value of vn? (b) If an n year annuity immediate that pays X at the end of each year has the same effective annual interest rate and same present value as the other annuities, what is X

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