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| rev | Admin | (Created page with "'''Solution: E''' The present value of annuity <math>\mathrm{X}</math> is <math>1.0331 a_{10}=1.0331 \frac{1-v^{10}}{i}</math>. The present value of annuity <math>\mathrm{Y}</math> is <math>P\left(v^2+\cdots+v^{10}\right)=P \frac{v^2-v^{12}}{1-v^2}=P \frac{1-v^{10}}{(1+i)^2-1}</math>. Equating the present values and solving, <math display = "block"> P=1.0331 \frac{(1+i)^2-1}{i}=1.0331 s_{\overline{2} \mid}=1.0331(2.075)=2.14 </math> {{soacopyright | 2023 }}") | Nov 18'23 at 19:40 | +463 |