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Tracy receives payments of $X at the end of each year for n years. The present value of her annuity is $493. Gary receives payments
Tracy receives payments of $X at the end of each year for n years. The present value of her annuity is $493. Gary receives payments of $3X at the end of each year for 2n years. The present value of his annuity is $2, 748. Both present values are calculated at the same annual effective interest rate. Find v n where v is the discount factor.
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