Annuities X and Y provide the following payments:

End of the Year// Annuity X // Annuity Y
1-10 // 1 // K
11-20 // 1 // 0
21-30 // 1// K
Annuities X an dY have equal present value (at time 0) at an annual effective interest rate i such that v^10=0.5. Determine K.

Pear co.’s income statement for the year ended december 31, as prepared by pear’s controller, reported income before taxes of $125,000. the auditor questioned the following amounts that had been included in income before taxes: equity in earnings of cinn co. $ 40,000 dividends received from cinn 8,000 adjustments to profits of prior years for arithmetical errors in depreciation (35,000) pear owns 40% of cinn’s common stock, and no acquisition differentials are relevant. pear’s december 31 income statement should report income before taxes of