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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: (10 points) An inheritance in the amount of x 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 Y. The price of Mark's annuity is calculated based on a nominal rate of interest of 12% convertible monthly. Wayne uses his share to purchase a perpetuity immediate having annual payments of 5000. The price of Wayne's perpetuity is based on an annual effective interest rate of i. Rebecca uses her share to purchase an annuity which pays 100,000 today, Y in one year and Y in two years.
The price of Rebecca's annuity is based on an annual effective interest rate of 5%. Find i.
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