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At an annual effective interest rate of i,i>0%, the present value of a perpetuity paying 10 at the end of each 3-year period, with the
At an annual effective interest rate of i,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 3 , is 32. 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. (A) 31.6(B)32.6(C)33.6(D)34.6(E)35.6
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