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mathematical solution only, please no excel work 5. Jia Wen has a liability of 12,000 due in eight years. This liability will be met with

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mathematical solution only, please no excel work

image text in transcribed
5. Jia Wen has a liability of 12,000 due in eight years. This liability will be met with payments of 5000 in five years and B in 8 + b years. Jia Wen is employing a full immunization strategy using an annual effective interest rate of 3%. Calculate B

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