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The present values of the following annuities are equal: A. Perpetuity-immediate paying 100 each year with an annual effective interest rate of 8% B. 40
The present values of the following annuities are equal: A. Perpetuity-immediate paying 100 each year with an annual effective interest rate of 8% B. 40 year annuity-immediate paying 110 each year with an annual effective interest rate of i% C. 30 year annuity-due paying X each year with an annual effective interest rate of (i-1)% Calculate X.
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