Mathematics, 11.04.2020 02:46, rileyeddins1010

A thirty-year annuity X has annual payments of $1000 at the beginning of each year for twelve years, then annual payments of $2000 at the beginning of each year for 18 years. A perpetuity Y has payment of $Q at the end of each year for 20 years, then payments of $3Q at the end of each year thereafter. The PV of X, Y are equal when calculated using annual effective discount rate of 7.42%.

Find Q.

Round your answer to the nearest cent. Answer in units of dollars.

Your answer must be within ± 0.0%

Answers: 2

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A thirty-year annuity X has annual payments of $1000 at the beginning of each year for twelve years,...