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Bob receives payments of $50 at the beginning of each year. The first payment occurs today and the payments continue forever. Tom receives payments at the end of each year forever. His first payment is $5 and it occurs one year from today. Each subsequent payment to Torn increases by 2.5%. The present value of Bob's payments equals the present value of Tom's payments when the annual effective interest rate is i%. Determine i. a.) 2.5% b) 2.8% c) 3.4% d) 3.7% S