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At an annual effective interest rate of i, i > 0%, the present value of a perpetuity paying 20 at the end of each 3-year
At an annual effective interest rate of i, i > 0%, the present value of a perpetuity paying 20 at the end of each 3-year period, with the first payment at the end of year 3, is 39.
At the same annual effective rate of i, the present value of a perpetuity paying 1 at the end of each 4-month period, with first payment at the end of 4 months, is X. Calculate X.
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