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2 The interest on an endowment of 120,000 is left to beneficiary A for the first 10 years, to beneficiary B for the next 25

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2 The interest on an endowment of 120,000 is left to beneficiary A for the first 10 years, to beneficiary B for the next 25 years and to charity C thereafter. If it is assumed that the endowment will earn a 5% effective rate of interest, who gets the largest share? (a) Beneficiary A (b) Beneficiary B (c) Charity C

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