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A 30-year annuity-immediate with 2,000 payable at the end of every 6 months and a 30-year annuity-immediate with 10,000 payable at the end of every

A 30-year annuity-immediate with 2,000 payable at the end of every 6 months and a 30-year annuity-immediate with 10,000 payable at the end of every 6 years are to be replaced by a perpetuity paying R every 3 months. You are given that i(4) = .08. Find R. The correct answer is $1,196.33. Please show work without using Excel

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