Question: Please show all work 5. [ 20pts] A perpetuity has payments of 200 at the end of each year. A 12-year annuity pays $500 at

Please show all work 5. [ 20pts] A perpetuity has payments

Please show all work

5. [ 20pts] A perpetuity has payments of 200 at the end of each year. A 12-year annuity pays $500 at the end of each year. Assuming the same annual effective interest rate i, the present values of the perpetuity and the 12-year annuity are equal. Find

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