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A company must pay the following liabilities at the end of the years shown: End of Year Liability 2 $1, 000 4 x 6 $1,
A company must pay the following liabilities at the end of the years shown:
End of Year Liability
2 $1, 000
4 x
6 $1, 000
The company achieves Redington immunization by purchasing assets that have two cash inflows: $733 at the end of one year and y at the end of five years. The effective annual rate of interest is 10%. Determine y.
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