Question: Two annuities have the same present value. The first annuity is a decreasing annual annuity. The first payment is $1050 and is due one year

Two annuities have the same present value. The first annuity is a decreasing annual annuity. The first payment is $1050 and is due one year from today. Subsequent annual payments decrease by $150 per year. The second annuity provides payments of $X per month for 7 years. The first payment is due one month from today. The interest rate for both annuities is 6% compounded monthly. Calculate X

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