Question: Two payment streams have the same present value under effective annual interest rate of 8%: 1. 5 annual payments of 200, beginning in one year,

Two payment streams have the same present value under effective annual interest rate of 8%:

1. 5 annual payments of 200, beginning in one year, followed by a monthly perpetuity of $X.

2. 20 payments of 900 every two years, beginning today.

Calculate X.

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