Your financial planner offers you two different investment plans. Plan X is an annual perpetuity of $35,000
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Your financial planner offers you two different investment plans. Plan X is an annual perpetuity of $35,000 per year. Plan Y is an annuity for 15 years and an annual payment of $47,000. Both plans will make their first payment one year from today. At what discount rate would you be indifferent between these two plans?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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