willleverett3563 willleverett3563
  • 25-11-2022
  • Mathematics
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calculus needed) Perpetuity X has level payments of $300 at the end of each year. Perpetuity Y also has end-of-year payments but they begin at $45 and increase by $45 each year. Find the rate of interest which will make the difference in present values between these two perpetuities a maximum. The answer is 35.29412%, please show the steps.

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