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Victor wants to purchase a perpetuity paying 100 per year with the first payment due at the end of year 11. He can purchase it
Victor wants to purchase a perpetuity paying 100 per year with the first payment due at the end of year 11. He can purchase it by either: i Paying 90 per year at the end of each year for 10 years, or ii Paying K per year at the end of each year for the next 5 years. Calculate K
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