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Problem 18.15 The present value of an annual perpetuity immediate of 150 is equal to the present value of an annual perpetuity immediate that pays
Problem 18.15
The present value of an annual perpetuity immediate of 150 is equal to the
present value of an annual perpetuity immediate that pays 100 at the end
of the first 20 years and 200 at the end of year 21 and each year thereafter.
Calculate
i.
Answer: 3.5265%
Can you please show the step by step solution including the formula?
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