14. The following two payment options each has a present value of x. (i) 120 at the end of each year, forever, with the

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14. The following two payment options each has a present value of x. (i) 120 at the end of each year, forever, with the

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14 The Following Two Payment Options Each Has A Present Value Of X I 120 At The End Of Each Year Forever With The 1
14 The Following Two Payment Options Each Has A Present Value Of X I 120 At The End Of Each Year Forever With The 1 (25.05 KiB) Viewed 18 times
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14. The following two payment options each has a present value of x. (i) 120 at the end of each year, forever, with the first payment due at t = 1. (ii) A payment of 2051.53 at t = 11, followed by 120 at the end of each year, forever, with the first payment of 120 due at t = 12. Find X. (Hint: for multiple choice problem, for each possible X find rate i to see whether it works)
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