(Solved): An insurance company purchoses a perpetuity-due providing a geometric series of quorterly payments ...

An insurance company purchoses a perpetuity-due providing a geometric series of quorterly payments for a price of 430,000 based on an annual effective interest rote of \( i \). The first and second quarterly payments are 5000 and 5030 , respectively. Caiculate i. \( 7.0 \% \) \( 17.3 \% \) \( 7.4 \% \) 8336 \( 9.896 \)