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The following two statements describe payment streams that have equal present value X when valued at 11.2% annual effective: the present value of an annuity

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The following two statements describe payment streams that have equal present value X when valued at 11.2% annual effective: the present value of an annuity immediate paying 22.9 per year for n years, and the present value of a perpetuity immediate that pays 19,065 each years, Find n. 22 42 0 0 47 0 43 O 27 X

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