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4 votes
An insurance company purchases a perpetuity-due providing a geometric series of quarterly payments for a price of 100,000 based on an annual effective interest rate of i. The first and second quarterly payments are 2000 and 2010, respectively. Calculate i.

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User Manoi
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1 Answer

7 votes
Wow I calculated I this is wow
answered
User Benedikt
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8.5k points
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