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At an annual effective interest rate of i, i > 0, both the following annuities have a present value of X: (a) a 10-year annuity-immediate

At an annual effective interest rate of i, i > 0, both the following annuities have a present value of X: (a) a 10-year annuity-immediate with annual payments of 45; (b) a 10-year annuity-immediate...

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