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Person A leaves an estate of $100,000. Interest on the estate is paid at the end of the year to beneficiary B for the first
Person A leaves an estate of $100,000. Interest on the estate is paid at the end of the year to beneficiary B for the first 10 years, to beneficiary C for the next 10 years, and to charity D afterwards. Find the d parnents received by D if it is assumed that the estate will earn a 6% annual effective rate of interest. between the present value of the payments received by B and the present value of the
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