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A perpetuity due makes payments of X each year, and the quantity X is 7 . 4 % percent of the present value of the
A perpetuity due makes payments of X each year, and the quantity X is percent of the present value of the annuity. Dan and Evelyn would like to share the perpetuity payments such that Dan receives the first n payments and Evelyn receives the remaining payments. Find n such that the present value of Dan's payments equals the present value of Evelyn's payments.
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