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A financial planner offered you and your wife a choice of two investments: a.An annual perpetuity of $35,000 b.A 15-year annuity of $47,000 Each investments

A financial planner offered you and your wife a choice of two investments:

a.An annual perpetuity of $35,000

b.A 15-year annuity of $47,000

Each investments first payment will occur one year from today. At what discount rate would you be indifferent between the two?

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