Question: ( 7 ) A perpetuity paying $ 1 , 0 0 0 at the beginning of each two years has the same present value as
A perpetuity paying $ at the beginning of each two years has the same
present value as another perpetuity with level payments, this one having
payments at the end of each three years. Express the level payment amount
of the second annuity as a function of the annual effective interest rate
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