At an annual effective interest rate of i, i > 0, the present value of a...

  

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At an annual effective interest rate of i, i > 0, the present value of a perpetuity of 16 at the end of each 5-year period, with the first payment at the end of year 10, is 20.37. At the same annual effective rate of i, the present value of a perpetuity-immediate paying 4 at the end of each 3-month period is X. Calculate X. At an annual effective interest rate of i, i > 0, the present value of a perpetuity of 16 at the end of each 5-year period, with the first payment at the end of year 10, is 20.37. At the same annual effective rate of i, the present value of a perpetuity-immediate paying 4 at the end of each 3-month period is X. Calculate X.