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| rev | Admin | (Created page with "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. <ul class="mw-excansopts"><li>6</li><li>7</li><li>8</li><li>9</li><li>10</li></ul> {{soacopyright | 2023 }}") | Nov 18'23 at 11:39 | +458 |