The present values of both annuities are equal at effective, Financial Management

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The present values of both annuities are equal at effective

One annuity pays 4 at the end of each year for 36 years. Another annuity pays 5 at the end of each year for 18 years. The present values of both annuities are equal at effective rate of interest i . If an amount of money invested at the same rate i will double in n years, find n.

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Financial Management: The present values of both annuities are equal at effective

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