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Annuities X and Y provide the following payments: End of the Year// Annuity X // Annuity Y 1-10 // 1 // K 11-20 // 1
Annuities X and Y provide the following payments:
End of the Year// Annuity X // Annuity Y
1-10 // 1 // K
11-20 // 1 // 0
21-30 // 1// K
Annuities X an dY have equal present value (at time 0) at an annual effective interest rate i such that v^10=0.5. Determine K.
BE THOROUGH PLEASE so I can understand fully.
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