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Your financial planner offers you two different investment plans. Plan X is a $19,000 annual perpetuity. Plan Y is a 19-year, $29,000 annual annuity. Both
Your financial planner offers you two different investment plans. Plan X is a $19,000 annual perpetuity. Plan Y is a 19-year, $29,000 annual annuity. Both plans will make their first payment one year from today. At what discount rate (in percent) would you be indifferent between these two plans? (Your answer must be accurate to at least one decimal place
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