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At an annual effective interest rate of i > 0, the present value of a perpetuity paying 10 at the end of each 3-year period,
At an annual effective interest rate of i > 0, the present value of a perpetuity paying 10 at the end of each 3-year period, with the first payment at the end of year 6, is 32. At the same annual effective rate of i, the present value of a perpetuity-immediate paying 1 at the end of each 4-month period is X. Calculate X.
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