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Annuities X and Y provide the following payments: Annuities X and Y have equal present values at an effective annual interest rate i such that
Annuities X and Y provide the following payments: Annuities X and Y have equal present values at an effective annual interest rate i such that v^10 = 1/2 where v is taken to represent the annual effective discount factor. Find K. (a) 4/3 (b) 3/2 (c) 5/3 (d) 7/4 (e) 9/5
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