Question: Please show all work. Your financial planner offers you two different investment plans. Plan x is a $15,000 annual perpetuity with first payment one year
Please show all work. Your financial planner offers you two different investment plans. Plan x is a $15,000 annual perpetuity with first payment one year from today. Plan y is a $19,000 annual perpetuity withe first payment two years from today. At what discount rate would you be indifferent between Plan X and Plan Y?
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