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7 Q8. Your financial planner (Ms. Manal AlFayez) offers you two different investment plans. Plan X is a $6,500 annual perpetuity. Plan Y is a

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7 Q8. Your financial planner (Ms. Manal AlFayez) offers you two different investment plans. Plan X is a $6,500 annual perpetuity. Plan Y is a 10- year, $15,000 annual annuity. Both plans will make their first payment one year from today. At what discount rate would you be indifferent between these two plans? a. b. C. d. 8.38% 7.45% 5.84% 5.17%

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