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The following two statements describe payment streams that have equal present value X when valued at 10.4% annual effective: - the present value of an

The following two statements describe payment streams that have equal present value X when valued at 10.4% annual effective:

- the present value of an annuity immediate paying 20.9 per year for n years, and

- the present value of a perpetuity immediate that pays 19,491 each n years.

Find n.

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