Calculate the value of the annuity three years prior

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A perpetuity-immediate pays 50 per quarter, and has a present value of 2000 at an annual effective interest rate of i. A 30-year annuity pays 10000 at the end of every two year period.

Using the interest rate i, calculate the value of the 30-year annuity three years prior to its first payment being made. Give your answer rounded to the nearest whole number.

Reference no: EM131555546

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