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(7) A perpetuity paying $1,000 at the beginning of each two years has the same present value as another perpetuity with level payments, this one

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(7) A perpetuity paying $1,000 at the beginning of each two years has the same present value as another perpetuity with level payments, this one having payments at the end of each three years. Express the level payment amount of the second annuity as a function of the annual effective interest rate

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