Question: 9 . A perpetuity - immediate pays 50 per quarter , and has a present value of 2000 at an annual effective interest rate of

9 . A perpetuity - immediate pays 50 per quarter , and has a present value of 2000 at an annual effective interest rate of i . A 30 - year annuity pays 10000 at the end of every two year period Using the interest rate i , calculate the value of the 30 - year annuity three years prior to its first payment being made . Give your answer rounded to the nearest whole number .

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