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The following two statements describe payment streams that have equal present value X when valued at 11.6% annual effective: the present value of an annuity
The following two statements describe payment streams that have equal present value X when valued at 11.6% annual effective:
the present value of an annuity immediate paying 23.3 per year for n years, and
the present value of a perpetuity immediate that pays 19,833 each n years.
Find n.
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