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Problem 3 Assume that the force of interest is constant. The present value of a payment of 60 at the end of 10 years and

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Problem 3 Assume that the force of interest is constant. The present value of a payment of 60 at the end of 10 years and 40 at the end of 20 years is equal to 40. The present value of a perpetuity with payments of r at the end of each year is also 40. Calculate

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