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Use a financial calculator: ( 1 0 points ) An inheritance in the amount of x is divided equally between three siblings Mark, Wayne and
Use a financial calculator: points An inheritance in the amount of is divided equally between three siblings Mark, Wayne and Rebecca. Mark uses his share to purchase a five year annuity immediate having equal monthly payments of The price of Mark's annuity is calculated based on a nominal rate of interest of convertible monthly. Wayne uses his share to purchase a perpetuity immediate having annual payments of The price of Wayne's perpetuity is based on an annual effective interest rate of Rebecca uses her share to purchase an annuity which pays today, in one year and in two years.
The price of Rebecca's annuity is based on an annual effective interest rate of Find
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