Question: Problem 3 At an annual effective interest rate i it is known that: ( i ) The present value of 3 at the end of

Problem 3 At an annual effective interest rate i it is known that:
(i) The present value of 3 at the end of each year for 3n years, plus an additional 1 at the end of each of
the first 2n years, is 7.
(ii) The present value of an 2n-year deferred annuity-immediate paying 1 per year for n years is 1.
Find i.
Problem 3 At an annual effective interest rate i

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