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( 5 points ) A relative has left you $ 2 7 5 , 0 0 0 and you decide to invest the entire amount
points A relative has left you $ and you decide to invest the entire amount in two different products so that you have a larger guaranteed income of $ per month for years, starting one month from today, and then a lesser amount of X for the rest of your life. Product is a perpetuity with monthly payments at an annual effective interest rate of and Product is a year annuity with monthly payments at at an annual effective interest rate of
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Both products make their first payment one month from the day of purchase. Find X
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