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Business, 03.08.2020 14:01 emmie50

Sandy purchases a perpetuity-immediate that makes annual payments. The first payment is 100, and each payment thereafter increases by 10. Danny purchases a perpetuity-due which makes annual payments of 180. Using the same annual effective interest rate, i > 0, the present value of both perpetuities are equal. Calculate i.

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Sandy purchases a perpetuity-immediate that makes annual payments. The first payment is 100, and eac...
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