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Question The following three series of payments have the same present value of P: i) A perpetuity-immediate of 2 per year at an annual effective
Question The following three series of payments have the same present value of P: i) A perpetuity-immediate of 2 per year at an annual effective interest rate of i ii) A twenty-year annuity-immediate of X per year at an annual effective interest rate of 2i iii) A twenty-year annuity-due of .96154X per year at an annual effective interest rate of 2i. Calculate P. Possible Answers A 80 B 85 EE (Alt + A C 90 D 95 E 100
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