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A perpetuity-immediate An annuity-immediate pays 100 at the end of each year. pays 114.16 at the end of each year for 20 years. The
A perpetuity-immediate An annuity-immediate pays 100 at the end of each year. pays 114.16 at the end of each year for 20 years. The present value of the perpetuity-immediate is equal to the present value of the annuity-immediate. Calculate the annual effective interest rate.
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Cost Benefit Analysis Concepts and Practice
Authors: Anthony Boardman, David Greenberg, Aidan Vining, David Weimer
4th edition
137002696, 978-1108448284, 1108448283, 978-0137002696
