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The answer is 1196.33 Please show step by step and formulas used. Problem 23.7 A 30-year annuity-immediate with 2,000 payable at the end of every

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The answer is 1196.33

Please show step by step and formulas used.

Problem 23.7 A 30-year annuity-immediate with 2,000 payable at the end of every 6 months and a 30-year annuity-immediate with 10,000 payable at the end of every 6 years are to be replaced by a perpetuity paying R every 3 months. You are given that i() = .08. Find R

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