Question 6.29 The following three sets of cash flows have the same present value: 10,000 payable in 1 year 1,200 at the end of each year for 12 years, with the first payment to be made in one year X per year, with the first payment to be made in 20 years and the final payment to be made in 30 years The force of interest is constant. Calculate X. A 281 B 4,971 C 5,299 D 5,341 E 5,693b // show all work

Question 6.29 The following three sets of cash flows have the same present value: - 10,000 payable in 1 year - 1,200 at the end of each year for 12 years, with the first payment to be made in one year - X per year, with the first payment to be made in 20 years and the final payment to be made in 30 years The force of interest is constant. Calculate X. A 281 B 4,971 C 5,299 D 5,341 E 5,693