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Your financial planner offers you two different investment

Your financial planner offers you two different investment plans. Plan X is a $22,000 annual perpetuity. Plan Y is a 10-year, $28,000 annual annuity. Both plans will make their first payment one year from today. At what discount rate would you be indifferent between these two plans?

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Financial Management: Your financial planner offers you two different investment

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Financial Management: Your financial planner offers you two different investment

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