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Problem 9 - The a2n|/an|a2n|/an| Trick and Unknown Time An annuity-due pays 300 at the beginning of each year for 18 years. Another annuity-due pays

Problem 9 - The a2n|/an|a2n|/an| Trick and Unknown Time An annuity-due pays 300 at the beginning of each year for 18 years. Another annuity-due pays 385.279 at the beginning of each year for 9 years. At an annual effective rate of interest ii, the PV of both annuities are equal.

Calculate i. %

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