answer = 1 7 3 8 4 Jack inherited a perpetuity - due with annual payments of

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Question:

answer

= 17384

Jack inherited a perpetuity

-

due with annual payments of

15000 .

He immediately exchanged the perpetuity for a

25 -

year annuity

-

due having the same present value. The annuity

-

due has annual payments of X

.

All the present values are based on an annual effective interest rate of

10 %

for the first

10

years and

8 %

thereafter. Calculate X

.

Posted Date: May 18, 2024 08:01 PM

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answer = 1 7 3 8 4 Jack inherited a perpetuity - due with annual payments of

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