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the present value of a 10- year annuity-immediate with level annual payments and interest rate i is C. The present value of a 20-year annuity-immediate
the present value of a 10- year annuity-immediate with level annual payments and interest rate i is C. The present value of a 20-year annuity-immediate with the same payments and interest rate is 1.5X. Find i.
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