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5. Scott deposits: 1 at the beginning of each quarter in year 1; 2 at the beginning of each quarter in year 2: 8 at
5. Scott deposits: 1 at the beginning of each quarter in year 1; 2 at the beginning of each quarter in year 2: 8 at the beginning of each quarter in year 8; One quarter after the last deposit, Scott withdraws the accumulated value of the fund and uses it to buy a perpetuity-immediate with level payments of X at the end of each year. All calculations assume a nominal interest rate of 10% per annum compounded quarterly. Calculate X. Select one: a. 20.9 b. 19.4 c. 21.4 d. 20.4 e. 19.9
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