Business, 18.03.2020 16:33, coliver15

Martha leaves an estate of 500,000. Interest on this estate is paid to John for the first X years at the end of each year. Karen receives annual interest payments from the end of year X+1 forever. At an annual effective interest rate of 5%, the present value of Karen's interest payments is 1.59 times the present value of John's. Calculate X.

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Martha leaves an estate of 500,000. Interest on this estate is paid to John for the first X years at...