He could have purchased a perpetuity that pays x at the end, Financial Management

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He could have purchased a perpetuity that pays x at the end

Bob buys a perpetuity that pays $20 at the end of each year with the first payment occurring 2 years from now for $329.08. He could have purchased a perpetuity that pays $X at the end of each 6 months, starting 6 months from now that earns the same effective annual rate. Find $X.

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Financial Management: He could have purchased a perpetuity that pays x at the end

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Financial Management: He could have purchased a perpetuity that pays x at the end

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