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Your financial planner offers you two different investment plans. Plan X is an annual perpetuity of $24,000. Plan Y is an annuity for 12 years

Your financial planner offers you two different investment plans. Plan X is an annual perpetuity of $24,000. Plan Y is an annuity for 12 years and an annual payment of $35,000. Both plans will make their first payment one year from today.

At what discount rate would you be indifferent between these two plans? Show how to calculate with financial calculator

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