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7. David can receive one of the following three payment streams. (i.) 6600 at time 3 (ii.) 2300 at times t,2t and 3t (iii.) 6300

7. David can receive one of the following three payment streams. (i.) 6600 at time 3 (ii.) 2300 at times t,2t and 3t (iii.) 6300 immediately Under an annual effective interest rate of i, the three payment streams have equal present value. Find t

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