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The following three series of payments have the same present value of P: (i) a perpetuity-immediate of 3 per year at an annual effective interest
The following three series of payments have the same present value of P: (i) a perpetuity-immediate of 3 per year at an annual effective interest rate of i; (ii) a 28-year annuity-immediate of X per year at an annual effective interest rate of 2i; and (iii) a 28-year annuity-due of 0.86207X per year at an annual effective interest rate of 2i. Calculate P. [3.d-f #18] 39 41 0 43 38 36 The following three series of payments have the same present value of P: (i) a perpetuity-immediate of 3 per year at an annual effective interest rate of i; (ii) a 28-year annuity-immediate of X per year at an annual effective interest rate of 2i; and (iii) a 28-year annuity-due of 0.86207X per year at an annual effective interest rate of 2i. Calculate P. [3.d-f #18] 39 41 0 43 38 36
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