Question: When computed using an effective interest rate of I, it is known that the present value of $2,000 at the end of each year for

 When computed using an effective interest rate of I, it is

When computed using an effective interest rate of I, it is known that the present value of $2,000 at the end of each year for 2n years plus an additional $1,000 at the end of each of the first n years is $52,600. Using this same interest rate, the present value of an n year deferred annuity-immediate paying $4,000 per year for n years is $27,500. Find n. (Hint: First find any and a 2. then V" and 1. Round your answer to the nearest integer.)

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