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You are choosing between two insurance plans. The first plan promises $ 2 0 , 0 0 0 a year forever starting immediately and the
You are choosing between two insurance plans.
The first plan promises $ a year forever starting immediately and the second plan promises $X a year forever starting from the end of next year time period
You are indifferent between the two plans. The interest rate is Find $X
Round your answer to the nearest dollar.
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