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The following three series of payments have the same present value P: (i) a perpetuity-immediate of 1 per year at an annual effective interest rate
The following three series of payments have the same present value P: (i) a perpetuity-immediate of 1 per year at an annual effective interest rate of i; (ii) a 10 year annuity-immediate of X per year at an annual effective interest rate i; (iii) a 11 year annuity-due of .9X per year at an annual effective interest rate of i; Calculate X. O A. 1.33 B. 2.42 O C.3.51 D. 4.60 E. 5.66
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